White-collar crime work was once the comfy preserve of niche London law firms that knew their way around the inside of a police station. Not any more. But as the big international players stake a claim, the boutiques are standing their ground.
When the Bribery Act came into force in July 2011, it shook the world of white-collar crime to its core. In one fell swoop the UK became home to the most stringent legislation combating corruption in the world, going beyond the scope of America’s Foreign Corrupt Practices Act (FCPA). Its strict measures created a worldwide trend of amplified anti-corruption enforcement, which is now booming in a similar fashion to competition law in the nineties, and the established legal market players found themselves with a fight on their hands.