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Annabel Smith


Annabel has experience in representing financial institutions, corporates and individuals in relation to a range of regulatory investigations involving the UK Financial Conduct Authority and other international authorities.

Annabel has also advised on internal investigations across a broad range of regulatory issues, including price flying, insider dealing, financial crime, and systems and controls.
Prior to qualification, Annabel trained at the firm, during which she also gained experience in the Corporate Competition and Structured & Asset Finance practices. She was seconded for six months to the Financial Conduct Authority’s Litigation and Legal Review team. 


Representative matters

A number of financial institutions in relation to FCA Enforcement Investigations.

Cross-border regulatory investigations by authorities globally, including the FCA, and CFTC.

Anti-bribery advice to corporations.

A review into safeguarding at a national governing body.

Published Work

  • Smith. A, Jensen. Z, (2024) “Availability of costs for individuals who successfully challenge an FCA decision against them”, London: Butterworths.
  • At what cost? Upper Tribunal awards costs to applicants in significant financial services case (Allen & Overy Investigation Insights, November 2023)
  • FAQs: FCA “home visits” (Allen & Overy Investigation Insights, January 2022)
  • Contributor to Practical Law Company’s contentious regulatory materials.



Admitted as a Solicitor (England and Wales), 2023


LPC LLM, BPP Law School (London), 2021

LLB, Law, University of Leeds, 2020

A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.