Michael Stacey

Michael advises regulators, regulated individuals, businesses and not-for-profits on a wide range of regulatory issues. He also undertakes commercial and regulatory litigation.

Michael regularly acts for the Solicitors Regulation Authority (SRA). He advises on the application of regulatory provisions and has a particular knowledge of the Legal Services Act 2007 and Solicitors Act 1974.

He has recently advised a barristers' chambers and a not-for-profit body on legal services regulatory issues, and a commercial organisation in relation to the risk of professional negligence claims arising from its business model. He is also advising on the regulatory consequences of an insolvent offshore investment fund having allegedly misapplied in excess of £100 million.

Michael advises barristers chambers on constitutional issues and has acted for both chambers and individual barristers in disputes concerning financial contributions to chambers liabilities.

Michael's recent cases include:

The Law Society (Solicitors Regulation Authority) [2015] EWHC 166 (Ch): Application in the Chancery Division to clarify the scope of the SRA's powers to destroy documents held following interventions into solicitors firms, as a result of which the SRA can destroy 1.5 million files saving £344,000 per annum in storage costs.

Charity Commission v. Framjee & Ors [2014] EWHC 2507 (Ch): acting for a charity trustee in an application by the Charity Commission for directions in relation to a major charity under investigation for alleged mismanagement.

Solicitors Regulation Authority v (1) Shahrokh Mireskandari (2) Caroline Sara Turbin (3) John Hugh Bell [10411-2009]: assisted in complex and protracted proceedings before the Solicitors Disciplinary Tribunal and in the related appeal by Shahrokh Mireskandari in the Administrative Court.

Between 2003 - 2011 Michael worked in public policy. He was a Civil Servant at the Ministry of Justice, performing a variety of policy and project management roles in relation to regulatory policy and business change. He subsequently worked at the Legal Services Board on developing the framework for regulating alternative business structures (ABS) and on workforce development in the legal services sector.

Michael trained at Russell-Cooke and qualified as a solicitor in March 2013. His first degree was in Philosophy, Politics and Economics at the University of Oxford. He studied law alongside his work in the civil service, graduating with a first class degree in law from the Open University and achieving a distinction in the Legal Practice Course at the College of Law, Guildford.

He is a member of the Association of Regulatory and Disciplinary Lawyers and the London Solicitors Litigation Association.

Michael.Stacey@russell-cooke.co.uk