Lucy Tolond

Experience

• I am a partner in BLM's professional indemnity team.
• I act on behalf of a wide range of professionals, but have particular expertise in dealing with claims against accountants, solicitors, financial advisers and insurance brokers.
• I frequently act on behalf of financial advisers facing claims for mis-selling from large numbers of former clients and have provided training to IFA networks on emerging risks in the financial services sector.
• I also deal with claims against emerging professions, including insolvency practitioners, IT professionals, and compliance consultants: I acted on behalf of the third party FSA compliance consultant in (1) Stokors SA (2) Lucien Selce (3) Phoenicia Asset Management (Holding) SAL v IG Markets Limited, Third Party: Craigcrook Management Services Limited; Commercial Court Action 2010 Folio 1331, a claim brought by IG Markets Limited arising out of the collapse of a Scottish-based broker. Following a five-week trial in the commercial court, the claim was successfully defended.
• I also regularly advise on policy cover, policy avoidance and fraud, and provide training to insurers on policy issues and interpretation of policy wordings.
• I am recognised as a Next Generation Partner in Legal 500 2021.

Significant reported cases

• (1) Stokors SA (2) Lucien Selce (3) Phoenicia Asset Management (Holding) SAL v IG Markets Limited, Third Party: Craigcrook Management Services Limited; Commercial Court Action 2010 Folio 1331