Leading international legal practice Herbert Smith will become the first Foundation Sponsor of the LSE Law and Financial Markets Project (LFMP), LSE announced this week (Monday 2 July). This Project carries out research into how law and regulation serve and interact with, financial market activity. It aims to provide a framework for collaboration between lawyers in the commercial world and those in academic institutions.
The director of the Project is Roger McCormick, a visiting professor and senior research fellow at LSE, who was also formerly a partner in a major City law firm.
As a Foundation Sponsor of the LFMP, Herbert Smith will support the project initially over a three year period.
Roger McCormick said: 'We are delighted to welcome Herbert Smith as our first Foundation Sponsor for the LFMP. We have been working with them for some time on a very successful collaborative programme on Principles Based Regulation and look forward to extending the relationship. Financial services are now a major contributor to the UK economy and it is vital that the legal infrastructure for this activity is kept up to date and in prime condition. All lawyers, practitioners and academics, have a part to play in this and, through the LFMP, we believe we are helping to keep the contacts and information flows between the academic side and the practitioner side as open and productive as they should be.'
Martyn Hopper, head of Herbert Smith's financial services regulation practice, said: 'Herbert Smith is committed to supporting the very best in legal academic endeavour, particularly where we can bring expertise to bear from our own market experience. By combining practical and academic perspectives, and the intellectual excellence, from the Law Faculty at the LSE and our own professional specialists at Herbert Smith, we believe there is a real opportunity to bring some new ideas and thinking to this burgeoning area. We look forward to broadening and deepening our relationship with the Law Faculty over the coming years.'
For more on the Law and Financial Markets Project, see http://www.lse.ac.uk/collections/law/projects/lfm.htm
Roger McCormick, LFMP, email: firstname.lastname@example.org
Jessica Winterstein, LSE Press Office, tel: 020 7955 7060, email email@example.com
Herbert Smith LLP is an international legal practice with 1100 lawyers (including over 200 partners) and a network of offices in Europe and Asia. It has a formal alliance with leading German firm Gleiss Lutz and leading Dutch and Belgian firm Stibbe. On 1 April 2005 Herbert Smith became Herbert Smith LLP, a limited liability partnership. www.herbertsmith.com
LSE's Law Department is among the top-rated in the UK in terms of teaching and research. The Department achieved the highest rating of 5* in the 2001 Research Assessment Exercise (RAE). The Law Department, one of LSE's largest, will move into prestigious, state-of-the-art premises overlooking Lincoln's Inn Fields in the summer of 2008. Details of other LSE Law Department projects can be found at
3 July 2007