Financial Crime Solicitors: Q&A

Financial crime solicitors are highly specialised lawyers who have in-depth knowledge of financial regulations and laws related to financial crimes. If you’re facing a financial crime charge or investigation, it’s important to know your rights and options for representation. In this article, we answer the top 10 most commonly asked questions about financial crime solicitors in the UK, so you can make an informed decision when selecting legal counsel. Read on for more information!

1. What is financial crime?

A1. Financial crime is defined as any illegal act that involves the use of financial systems to gain financial or personal advantage. This includes money laundering, fraud, bribery and corruption, cybercrime and tax evasion. These crimes can have serious financial and legal consequences for those involved.

2. Who are financial crime solicitors?

These solicitors are specialist lawyers who provide advice and representation to individuals, companies or other organisations facing prosecution for financial crimes in the UK. They work with criminal defence teams to ensure their clients receive the best possible outcome from any criminal proceedings they face. To learn more about financial crime solicitors, check out Richardson Lissack.

3. How do financial crime solicitors help people?

Financial crime solicitors can provide legal advice on these crimes, including financial regulations and laws that apply in the UK. They also represent clients in court proceedings or negotiations with prosecutors, advise on potential defence strategies, and work with financial investigators to ensure all relevant evidence is presented in court.

4. What qualifications do financial crime solicitors need?

In order to become a financial crime solicitor, an individual must have a degree in law from a recognised university and be admitted as a qualified solicitor of England and Wales. It is also recommended that these solicitors obtain additional qualifications such as the Law Society’s Advanced Criminal Litigation Certificate or Professional Practice Diploma in White Collar Crime before taking on these cases.

5. Are financial crime solicitors regulated?

Yes, these solicitors are regulated by the Solicitors Regulation Authority (SRA). All solicitors must adhere to the SRA’s Code of Conduct and act in a professional manner when dealing with clients. The SRA can take action against these solicitors who do not comply with their regulations or rules of professional conduct.

6. How much do these solicitors charge for their services?

Fees for financial crime solicitors vary depending on factors such as the complexity of the case and the amount of time required to complete it. Generally speaking, legal fees typically range from £150 to £350 per hour.

7. What kind of financial crimes do financial crime solicitors handle?

These solicitors typically work on cases involving financial fraud, money laundering, bribery and corruption, cybercrime or tax evasion. They can also advise on issues such as financial regulation advice, internal investigations and asset tracing.

8. Are financial crime solicitors available for legal aid?

Yes, financial crime solicitors may be eligible for legal aid depending on the individual’s financial circumstances and the seriousness of the case they are facing. It is best to consult with a solicitor directly to confirm eligibility for legal aid before any costs incurred.

9. Do these provide financial advice?

No, these solicitors do not provide financial advice and cannot advise on investment decisions or financial products. If you require financial advice it is best to seek the help of a qualified financial advisor or accountant.

10. How can I find it in the UK?

The Law Society (www.lawsociety.org.uk) website holds an online directory of these solicitors registered in England and Wales, which can searched using location or area of law as criteria. Additionally, many firms listed on review websites such as Legal Advice (www.legaladvice.co) where customers can read reviews of financial crime solicitors and leave feedback. It is important to research thoroughly before selecting a financial crime solicitor who best suited to your needs.

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