Allen & Overy


About us

Our dedicated mutuals and building societies practice provides our clients with informed and commercial legal advice, and our team has been ranked as “Standout” in the FT Innovative Lawyers Awards. We advise our clients on a wide range of issues from mergers and other strategic transactions to corporate governance and regulatory matters, as well as employment, pensions and incentives, intellectual property and insurance. We also work with clients on commercial lending, financing and capital markets, portfolio transfers and securitisations.

The team plays an active role in helping to shape the sector. We advised on the first acquisition under the Banking Act 2009, the first ever covered bond issue by a building society and the first ever regulated covered bond in the sector. The team has also been at the heart of advising on the recent wave of consolidation in the sector. Recently, we have provided advice to the sector in relation to the refinancing of Government loans to the Financial Services Compensation Scheme made in relation to certain failed banks. The team has also been involved in developing a new Common Equity Tier 1 capital instrument for building societies.

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Allen & Overy

One Bishops Square
E1 6AD