Over 28 years in the financial services sector, both in-house and in private practice, has given Lorna a genuine understanding of the needs and priorities of our financial sector clients.  Her breadth and depth of experience, we believe, is unique in the Scottish market spanning, consumer finance, retail banking, funds and investments, with a focus on retail wealth and insurance distribution and conduct matters.  As well as advising on regulatory compliance, she also has extensive experience supporting commercial negotiations, due diligence and contractual negotiations on mergers and acquisitions and securitisation transactions. This unique breadth of understanding means that Lorna can provide holistic, practical and relevant advice.

Lorna is dual-qualified (in Scotland, and England and Wales).  Before joining Addleshaw Goddard, Lorna led the financial services regulatory practice at Burness Paull.  At international firm Weil Gotshal and Manges, she provided regulatory support on a number of high profile financial services transactions for clients such as GE Capital (various acquisitions), Advent International (the acquisition of the business and assets of Lloyds TSB Registrars) and Citibank (the sale, internationally, of Diners Club). She was also Company Secretary and Head of Legal at Direct Line Financial Services (a retail bank, Life assurance and unit trust business). She has experience of dealing with regulatory and trade bodies and of lobbying at UK and European levels.


Experience includes:

  • Advising Lloyds Banking Group on its sale of child trust fund assets to Forester Life, including on asset transfer from a mutual to an insured environment, and investment distribution arrangements
  • Advising Barclays Bank on the transfer to Rathbones Brothers of its specialist court of protection / personal injury discretionary management business, navigating complex consent, product and asset transfer considerations, as well as advising on regulatory and client communications strategies
  • Regularly advising on compliance with regulatory requirements applying to outsourcing and third party operational resilience
  • Advising on regulation of sustainable investment in the context of information services and suitability assessment
  • Supporting the Platforms Legal team of Standard Life Aberdeen on the divestment of its insurance business, focussing on the restructuring of intra-group and outsourcing arrangements, and external fund provider agreements