Building societies and mutuals play an important role in the economy and, as member-owned institutions, provide an important and distinctive alternative for consumers.

Addleshaw Goddard is recognised as having one of the leading building societies and mutuals teams in the UK. We advise a significant number of the UK building societies, as well as numerous other clients within the wider mutual sector. Our experience also includes advising on a number of ground-breaking transactions and market firsts.

Adam Bennett, who leads our Building Societies practice, edited the Building Societies Law section of Halsbury's Laws of England and is recognised as a national expert in the sector. Ben Koehne has extensive experience advising building societies and other mutuals and has acted on numerous significant strategic transactions and developments within the sector. Ben has also served on secondment for a period, as Acting Deputy Group General Counsel of Nationwide Building Society.

Our multidisciplinary team includes specialists with sector experience across all of our key practice areas, enabling us to take a practical and commercial approach while delivering cost-effective, seamless, high quality advice.

Our experience includes working closely with regulators, participating in industry working groups and helping to shape legal and regulatory change affecting the sector.

We have advised on:

  • Corporate and mergers and acquisitions
  • Constitutional and corporate governance
  • Regulatory advice and investigations
  • Product design, innovation and distribution
  • Mobile and digital banking
  • Reputation and brand protection
  • Litigation and disputes
  • Special investigations and financial crime
  • IT and commercial contracts
  • Data and cyber security
  • Lending
  • Treasury
  • Charitable assignment
  • Competition
  • HR
  • Property
  • Tax

You can read more about our clients and experience, and hear what our clients say about us, below. Alternatively, to speak to a member of our mutuals team, please get in touch

Extensive experience

Our case highlights include advising:

  • More than 30 of the 44 UK building societies
  • On every one of the last 22 building society mergers
  • Yorkshire Building Society on the purchase by way of FSMA Part VII banking business transfer of the Egg £400 million mortgage portfolio and £2.1 billion savings business from Citigroup
  • Skipton Building Society on the purchase by way of FSMA Part VII banking business transfer of the Capital One savings business
  • Engage Mutual Assurance on its merger with Family Assurance Friendly Society Ltd, creating a friendly society with around £6 billion of assets under management
  • West Bromwich Building Society on its capital restructuring with the issue of Profit Participating Deferred Shares as core tier 1 capital
  • Skipton Building Society on the sale of Homeloan Management Ltd
  • Numerous building societies on loan portfolio acquisitions and disposals
  • The Building Societies Association (associate member)
  • The Council of Mortgage Lenders (associate member)

"AG has been outstanding in the level of professional support and advice provided."
Chelsea Building Society

"Your commitment to the cause, your unflappability and orientation to finding practical commercial and legally sound solutions, were key elements in delivering the deal with the Yorkshire Building Society."
Norwich & Peterborough Building Society

"AG has been outstanding in the level of professional support and advice provided. Without the team's help and guidance it would have been difficult to make the progress that has been achieved."
Chelsea Building Society

"I can safely say that this merger would have been far harder to achieve without your guidance and substantial input."
Yorkshire Building Society

"They gave consistently positive support. They were available 24:7. They were great and there were lots of things that they did that were outstanding."
Stroud & Swindon Building Society

Key contacts

Meet the team
Adam Bennett

Adam Bennett

Partner, Financial Services
London, UK

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Ben Koehne

Ben Koehne

Partner, Corporate

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