Contact Information

+44 20 3321 7102

Personal Profile

Adam is a Partner in the Finance & Banking Group.

He leads the Firm's highly regarded practice defending clients against the financial services regulatory bodies. For more than 20 years, he has defended some of the biggest enforcement cases to emerge, ranging from the enforcement proceedings brought in relation to Barings in the 1990's to acting in the recent LIBOR and Forex investigations, and others not yet public. He knows the FCA prosecution well and has practical hands on experience in front of the decision makers. He also has extensive experience in cross jurisdictional matters that involve, for example, the Securities and Exchange Commission (SEC) and the Department of Justice (DoJ). In addition to defending contested actions, his work often takes place in the pre investigation and pre enforcement stages, helping clients protect themselves against future possible regulatory action. Adam's practice also includes a great deal of experience representing clients in front of a wide variety of other business regulators and enforcement authorities. He represents both individuals and institutions.

Adam also leads the firm's Professional Discipline practice, advising professionals such as accountants, lawyers, insolvency practitioners and pension trustees who are facing challenge or investigation by regulatory or enforcement bodies.

The other major plank to his practice is acting in Court or arbitral proceedings. His experience encompasses acting in disputes involving substantial sums of money across arenas as diverse as funds, finance, private banking, spread betting, foreign exchange, structured products, pensions, insurance and capital markets. He combines 25 years' experience of litigating with an in-depth knowledge of the industry and the relevant rules.

Adam is widely recognised as a leading individual in the area of Financial Services. The Contentious Regulatory practice that he heads is ranked in Legal 500 and Chambers & Partners and Adam himself has been consistently rated over the years by both legal directories. Legal 500 praises the group's "high-quality and commercially savvy advice" and states that "the ‘very experienced and wily’ Adam Epstein is the undoubted standout". Chambers cites Adam as "extremely good and knowledgeable in this area" and applauds his "extremely focused, very client-friendly" approach stating that he is "exactly the person you would want on your side".

Legal 500 2016 states that "he provides 'calm, sensible and sound advice' and is 'revered by his opponents as an expert in his field.'".

Key Experience

Whilst many of Adam's cases have been the subject of comment and speculation in the national press, much of his work is confidential. For this reason, we are only able to provide limited details of some of the cases Adam has been involved in recent years.

financial services

  • Acted successfully in very many disciplinary cases against the FSA, both for individuals and institutions. He is currently acting in enforcement proceedings in some of the largest investigations at the very highest of levels, both at an individual level and at an institutional level.
  • He is instructed on the forex scandal concerning the manipulation of foreign exchange trading, which is the most recent regulatory scandal to hit the press.
  • Acted on a variety of LIBOR cases concerning a number of different banks.
  • Adam acted in novel regulatory proceedings to prevent the collapse of a retail firm following administrative action by the regulator that had the same impact as an injunction in Court would do. He successfully overturned the regulatory actions.
  • Successfully defended clients in a number of large and significant market abuse investigations over the years.
  • Adam took the case of Andrew Wilkins to the Upper Tribunal, where he successfully overturned the decision of the RDC.
  • Adam acted in the recent proceedings against the regulator concerning high frequency trading.

Professional discipline

  • Representing an accountant in relation to an ongoing high-profile investigation by the Financial Reporting Council (FRC)
  • Advising the FRC in a publicly announced investigation
  • Acting for an accountant in relation to a complaint by the Institute of Chartered Accountants in England & Wales (ICAEW)
  • Acting for an insolvency practitioner in a contested licencing application to the Association of Chartered Certified Accountants (ACCA)
  • Advising a corporate in relation to information requirements from the Pensions Regulator.

Career History

Partner, Mishcon de Reya LLP
Qualified, Fox Williams
Trainee, Seifert Sedley Williams
College of Law
Cambridge University (Honorary Senior Exhibitioner)