A good example of the risk of not retaining legal advice privilege would be in the event of compliance review work identifying failings in a client’s compliance programme and procedures.
Such findings would not be subject to disclosure of documents in subsequent litigation as they would be protected by legal advice privilege. Otherwise a report on the failings may become disclosable.
For investigations and recovery of losses we operate more in line with traditional litigation legal services charging by hourly rates but seeking to provide quotes for work for stages of a case and seeking to risk share if appropriate to do so. We seek to work with litigation funders and after the event insurers to apply innovative funding solutions for clients of all sizes.
Whether you are in a compliance role or in an in-house legal role, it is likely financial crime compliance will be an issue that your organisation take seriously.
When fraud is suspected, or discovered, it often catches individuals and organisations unaware. Gaining early advice so to learn what to do, to understand your options can save valuable time and therefore prevent or contain loss before a situation may worsen.