How a general practice founded on the fringes of the City of London in 1938 developed into an esteemed and recognisable legal brand working at the cutting edge of the most dynamic and challenging legal disciplines.
Throughout our long history, we have had one goal – for Peters & Peters to be regarded as a centre of excellence. We have led rather than followed the legal services market, anticipating clients’ needs and responding with a combination of value-for-money solutions and peer acclaimed professional expertise. Today, we are one of the City of London’s best known firms, respected and acclaimed for our fraud-related work both as market leaders in business crime and in parallel as leading specialists in international (and domestic) fraud and asset tracing and recovery.
Since our establishment, focused leadership has facilitated our status at the cutting edge of legal and commercial developments. We were the first firm to recognise the growing need for expertise in white-collar crime and we have been one of the leading firms advising on tax fraud practice for well over over 50 years. Our market-leading position was already cemented in the 1980s when we represented a key individual in the much-publicised Guinness share-trading case, which was the first ever prosecution brought by the Serious Fraud Office.
The Guinness case was followed by a string of high-profile instructions, extending to the present day. Blue Arrow, Barlow Clowes, Grupo Torras SA and the prosecution of Kevin Maxwell, were just a few of the firm’s prominent cases in the 1990s. In the following decade we acted in the high-profile Wickes and Versailles SFO cases. At the same time we acted for the claimants in major civil asset tracing cases such as Banco Noroeste and proceedings brought on behalf of the Marc Rich Group. We have acted for the Department of Health since 1999 in fraud related recoveries for the NHS both in relation to competition and cartel claims and bringing fraud recovery actions against dishonest NHS practitioners.
In recent years, the practice has continued to diversify to anticipate changes in the regulatory environment. High-profile cases include acting in the first criminal cartel prosecutions (Marine Hose and BA/Virgin); handling important sanctions cases including Tomana v Council and Commission recognised as as one of the most complex EU sanctions cases; extradition cases (Government of the Russian Federation v Trefilov) and mutual legal assistance (Ismail v Secretary of State for the Home Department).
The practice’s civil fraud and asset recovery litigation expertise is recognised by fellow practitioners and by Legal 500 and Chambers directories in which we are listed as a top-tier specialist firm in this discipline. We have frequently appeared in the biggest cases in the courts, including the Madoff Ponzi fraud, US$6bn BTA v Ablyazov dispute and the high-profile litigation arising from the sale of Liverpool Football Club. We are routinely involved in cases involving novel points of law and causes of action, such as commercial competition litigation in we acted for the Department of Health against various pharmaceutical companies (Secretary of State for Health v Reckitt Benckiser and Secretary of State for Health v Servier).
The outstanding quality of our business crime and civil fraud/commercial litigation teams ensures we are well-positioned to handle parallel proceedings, whether for claimants or defendants or interested third parties, where criminal, regulatory and civil liability are all relevant considerations. It also enables the firm to pursue innovative and unusual resolutions on behalf of our clients worldwide.
This experience and expertise secured redress for businessman Murli Mirchandani through our successful conduct of the largest private prosecution of all time at the Central Criminal Court in July 2014 when Ketan Somaia was sentenced to eight years imprisonment.
Throughout our long history, the firm has built strong connections with elite practitioners all over the world and with whom we retain strong links. We provide rapid and skilled responses to clients’ problems wherever they occur in the world with partners and associates equally at home in a multiplicity of foreign jurisdictions working with some of the world’s leading lawyers.
In 76 years of practice we are justifiably proud of our fiercely independent existence and substantial growth in key specialisms – commercial disputes, corporate fraud, cartels/antitrust, asset-tracing and recovery, extradition, corruption, tax investigations, mutual legal assistance and ‘city’ crime. The raft of awards and plaudits from legal directories and clients are testament to a legacy of service and outcomes throughout a prodigious eight decades in which the firm has become the go-to practice for corporates or individuals in need of advice on the most complex multi-jurisdictional issues. While we are proud of our achievements, we are also fully committed to further maintaining and strengthening Peters & Peters as a centre of excellence for many years to come.
Awards & Recognition
We have been recognised as the standout firm for fraud and more recently in 2014 as one of the most innovative law firms in the corporate and commercial category in the Financial Times Innovative Lawyers Report.
Our excellence was recognised at The Lawyer Awards in 2011 when the firm won Niche Firm of The Year and in 2015 we were awarded Sanctions Law Firm of the Year, Europe.