City white collar partners tip former FBI deputy general counsel as new SFO director
Multiple sources put forward new name as potential successor to David Green QC
April 25, 2018 at 10:01 AM
3 minute read
The original version of this story was published on Law.com
With chief operating officer Mark Thompson installed as interim director of the Serious Fraud Office (SFO), a new name has emerged as a potential successor to David Green QC, who stepped down after six years at the watchdog's helm last week.
Three City white collar partners with links to the SFO, including one former SFO lawyer, have suggested that Lisa Osofsky – EMEA leader and head of investigations at regulatory compliance company Exiger and former deputy GC at the FBI – could be in line for the role.
The Attorney General's Office (AGO) confirmed two weeks ago that a full-time successor to Green had been appointed, but did not reveal the new director's identity. Thompson, who joined the SFO in 2004, has taken up the role on an interim basis as the individual in question was not able to take up the post immediately.
Osofsky, who is based in Exiger's London office, is an American national, and was previously a regulatory adviser at global risk consultancy Control Risks. Before that she was executive director of the business intelligence group at Goldman Sachs International, while she also spent about five years at the FBI, serving as deputy GC and ethics officer.
She already has experience of working at the SFO, having been seconded to the UK watchdog while working as a special attorney in the fraud section of the criminal division of the US Department of Justice.
White & Case London white collar head Jonathan Pickworth, who acts for companies being investigated by the SFO, said: "Based on the SFO's press release, and putting all the pieces of the jigsaw together, it makes sense. Lisa ticks a lot of boxes; she is extremely capable and has very broad experience, including time spent at the FBI and at a major financial institution. Additionally, her US connections may well help to enhance relations with the US authorities.
"She has made some comments in the past in favour of rolling the SFO into the National Crime Agency (NCA) and I hope that if she is appointed, it does not end up reopening that whole debate."
Osofsky voiced her approval of Prime Minister Theresa May's plans to integrate the SFO into the NCA last year, telling The Telegraph that the SFO has been on a "knife-edge for years".
Corker Binning founding partner David Corker, who has acted for many clients being investigated or prosecuted by the SFO, said: "I think the SFO remains in jeopardy, and I think this appointment would be an indication of its jeopardy.
"Her background signifies to me that she comes from a largely US enforcement background, so she will be steeped in the tradition of client/lawyer privilege. David Green was a sceptic of that, as can be seen by ongoing cases. I would imagine that she will also be very IT-savvy when it comes to saving resources."
Prior to Thompson's appointment as interim director, a number of internal candidates had been tipped as potential successors to Green, including SFO GC Alun Milford and joint head of bribery Matthew Wagstaff, although the interim arrangement suggests the new director will be an external appointment. External candidates tipped by market sources include Kingsley Napley criminal litigation head Stephen Parkinson, who was previously deputy head of the AGO.
An AGO spokesperson said: "An announcement on the recruitment of a new director of the SFO will be made in due course." The SFO declined to comment. Osofsky was contacted for comment.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllClifford Chance Under Fire for Human Rights Assessment of Saudi Arabia World Cup Bid
5 minute readThe Week in Data Nov. 7: A Look at Legal Industry Trends by the Numbers
Trump Win Ignites Global Legal Market: Lawyers Prepare for High Demand & Uncertainty
Netflix Offices Raided by Authorities in Paris and Amsterdam
Trending Stories
- 1From 'Confusing Labyrinth' to Speeding 'Rollercoaster': Uncertainty Reigns in Title IX as Litigators Await Second Trump Admin
- 2Critical Mass With Law.com’s Amanda Bronstad: Why Jurors in California Failed to Reach Verdict Over Zantac, Bankruptcy Judge Tables Sanctions Against Beasley Allen Attorney
- 3Jones Day Client Seeks Indemnification for $7.2M Privacy Settlement, Plus Defense Costs
- 4Elections Have Consequences: Some Thoughts on Labor and Employment Law Topics in 2025 and Beyond
- 5Law Firm Associates, Staffers Continue to Put a Premium On Workplace Flexibility, Study Finds
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250