header-logo header-logo

Serious Fraud Office enters era of pragmatism

24 April 2024
Issue: 8068 / Categories: Legal News , Fraud , Criminal
printer mail-detail

Criminal lawyers have broadly welcomed a five-year strategy for the beleaguered Serious Fraud Office (SFO)

Recently appointed SFO director Nick Ephgrave’s foreword states he wants cases to ‘progress at a faster rate’, with ‘bold and pragmatic decisions’ taken on casework.

The strategy, published last week, sets out four key outcomes: to have ‘a highly specialised, engaged and skilled workforce’; keep on top of new technology; combat crime through ‘intelligence, enforcement and prevention’; and be a ‘proactive, authoritative player in the global and domestic justice system’.

Nick Barnard, partner at Corker Binning, noted Ephgrave ‘has decided to set aside the previous iteration of the SFO Strategy—which was intended to run until 2025—and begin his tenure with a fresh slate.’

Barnard said the focus on recruitment and retention was ‘notable’ as ‘this has been a problem for the SFO in recent years, which must be resolved if high-profile failures of the kind which dogged the [former director Lisa] Osofsky era are to be avoided’. 

Barnard pointed out Ephgrave’s repeated references to ‘pragmatism’—‘a word completely absent from the previous strategy. This may demonstrate an understanding that the SFO needs to be realistic on what it can achieve with the law and resources available to it.’

Louise Hodges, partner at Kingsley Napley, said the plan contained ‘some important new ideas… for example, the desire to increase or better use intelligence—whether real-time covert intelligence, whistleblowers or assisting offenders—would be a shift in SFO techniques, although not without risk.

‘A big question mark for me is which type of organisation the SFO sees as its target. So far, the investigations opened under the new director have involved relatively small and lesser-known businesses, some already in administration.’

Issue: 8068 / Categories: Legal News , Fraud , Criminal
printer mail-details

MOVERS & SHAKERS

NLJ career profile: Liz McGrath KC

NLJ career profile: Liz McGrath KC

A good book, a glass of chilled Albarino, and being creative for pleasure help Liz McGrath balance the rigours of complex bundles and being Head of Chambers

Burges Salmon—Matthew Hancock-Jones

Burges Salmon—Matthew Hancock-Jones

Firm welcomes director in its financial services financial regulatory team

Gateley Legal—Sam Meiklejohn

Gateley Legal—Sam Meiklejohn

Partner appointment in firm’s equity capital markets team

NEWS

Walkers and runners will take in some of London’s finest views at the 16th annual charity event

Law school partners with charity to give free assistance to litigants in need

Could the Labour government usher in a new era for digital assets, ask Keith Oliver, head of international, and Amalia Neenan FitzGerald, associate, Peters & Peters, in this week’s NLJ

An extra bit is being added to case citations to show the pecking order of the judges concerned. Former district judge Stephen Gold has the details, in his ‘Civil way’ column in this week’s NLJ

The Labour government’s position on alternative dispute resolution (ADR) is not yet clear

back-to-top-scroll