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FCA authorises major law firm
National law firm Shoosmiths has been authorised by the Financial Conduct Authority (FCA) to provide the full range of regulated debt recovery services.
Shoosmiths’ Recoveries Service Group (RSG) will now be able to carry out regulated activities of debt administration, debt collection and mortgage administration and has also received authorisation for a wide range of non-mainstream regulated financial services activities.
“Obtaining these permissions from the FCA is key to realising our vision of becoming the leading recoveries litigation operation in the UK,” said Waine Mannix, Partner and Head of RGS at Shoosmiths.
“As an existing market leader in recoveries for lenders and debt purchasers, it was natural that we should seek authorisation in all three categories in order to provide the full range of recoveries services to our lender and debt purchaser clients.”
Shoosmiths is ranked in the top tier for recoveries services across the East and West Midlands, London, Manchester and the South East by the Legal 500 directory.
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