Mike Moloney, former legal director at First National Motor Finance and Phillip Catchpole, formerly of First National Bank and GE Consumer Finance, will be based at the firm’s Milton Keynes office – although their work will be undertaken on a national basis.
The new team members complement the firm’s existing strength in finance litigation and will assist clients who require advice on consumer credit, especially retail and motor finance, and the sale of mortgage and general insurance products.
Sebastian Price, head of Shoosmiths’ non-contentious finance team, explains: “The firm has historical strength in the finance sector, particularly in finance litigation and collections. Regulatory advice is now extremely important as mortgages and insurance become regulated by the FSA for the first time and we are delighted to have Mike and Phil on board to provide advice to our financial services clients.”
