The Solicitors Regulation Authority has taken preliminary steps into opening a possible investigation into the conduct of Dechert and its former white collar head, Neil Gerrard, in their advice to former client ENRC.
The move comes after London’s High Court found in May that both Dechert and Gerrard had variously acted in breach of their duties to the client over the course of the firm’s retainer. Since the judgment came out the U.K. industry regulator has been gathering material ahead of a possible investigation into breaches of its standards, according to people with knowledge of the matter.
