David joins the firm's London office as a partner from Addleshaw Goddard, where he led the firm's financial regulatory practice and was head of its financial services sector until November 2014.
He advises a wide range of regulated businesses including banks, building societies, insurers, brokers and other financial services providers on regulatory and commercial issues. He recently advised the influential Council of Mortgage Lenders in relation to the government’s Help to Buy scheme, and during the course of his 16-year career as a partner has acted for several well-known financial institutions.
David will lead Pinsent Masons' Financial Regulation team and will be tasked with growing the existing team following a period of significant growth. Pinsent Masons currently acts for most of the UK's major retail banks and major General and Life insurance companies. Over the past two years the firm has been appointed to the national panels of Aviva and Clydesdale Bank, while at the end of 2014 it advised Legal & General in relation to its £2.5 billion partial buy-out of the TRW Pensions Scheme, the largest transaction of its type in the UK to date. The firm also recently advised Direct Line on the £39.3m disposal of its life insurance business.
David's appointment follows a steady stream of investment in the firm's financial services offering. In 2013 Pinsent Masons hired Michael Isaacs, also from Addleshaw Goddard, to head-up its banking litigation practice and David Doogan to lead its banking team in Birmingham. The firm also brought in market-leading restructuring specialist Claire Massie in Scotland, and in 2014 appointed former FCA lawyer Michael Ruck.
John Salmon, Head of Financial Services at Pinsent Masons, says:
"We have a growing reputation as a force to be reckoned with in the financial services sector, and are delighted that someone of David's undoubted pedigree has opted to join us. He shares our desire to further-develop our City practice and provide innovative solutions to clients. We are targeting significant opportunities for further work around transactions, regulatory investigations, payment services and product development and distribution, and David will be key to helping us take the next step in our development."
David Ryan, Managing Partner of Pinsent Masons, says:
"David stands out as someone who will enhance our brand in the City and add strength-in-depth to our financial services offering, and we are very excited to have him join us. David is the fourth lateral hire made by the firm since the start of 2015 and we remain committed to making investments which will help us become a truly market-leading firm in the global sectors in which we operate."
David Heffron is ranked in both Legal 500 and Chambers as a standout practitioner.