CMS fields a national authorised funds team led by Karagh Gilliatt from the Edinburgh office. Gilliatt advises large retail funds on open-ended vehicles, including OEICs, ACSs and unit trusts, across the full range of authorised funds. She also advises on specialist mandates, including fund tokenisation. Lucy Pywell is recommended for regulatory matters.

Eversheds Sutherland (International) LLP advises firms in the asset management sector on establishing and launching new funds, restructurings, new product lines, investments and compliance with regulatory frameworks. The firm advises clients on new regulatory requirements, including the conversion of UCITS funds into NURS funds. The team is led by Michaela Arter, who advises open-ended funds and their manager depositaries, custodians and service providers in strategic fund and regulatory matters. Julian Brown advises on regulatory matters for asset management clients, including collective investment schemes and the implementation of new regulatory changes. Philip Spyropoulos works with clients across the UK and Europe on a range of issues, including restructurings, establishing new funds and regulatory mandates. Katie Taylor advises funds on investing in unique or illiquid assets such as real estate.

Experienced across retail and private market fund mandates, Macfarlanes LLP advises large asset management funds 0n regulatory issues, liquidity management, and ESG-focused operations. It also often assists clients with launching products and funds. Regulated funds group head Lora Froud is a key adviser to asset managers on a range of matters, including the operation and distribution of authorised funds. Alexandra Green advises a range of clients, including banks, asset managers, wealth managers and corporate finance advisers, on financial services regulatory obligations. Alexandra Cochrane advises authorised fund managers on the structuring and operation of regulated funds, such as the establishment of umbrella and standalone OEICs and authorised unit trusts. Tiffany Cox is noted for her focus on sustainability and ESG-related fund issues.

Simmons & Simmons advises authorised funds on regulatory matters, including launches of UK UCITS, NURS, QIS and LTAF products. The open-ended funds practice advises UK and Irish retail fund managers and fund depositaries, with particular experience in ESG matters and the Overseas Funds Regime (OFR). The team also maintains close ties with industry bodies. John Dooley advises on regulated funds, including UK UCITS, LTAFs, ELTIFs and Luxembourg Part II UCIs. His work covers fund structuring, operation, distribution and regulatory requirements. Catherine Weeks advises on the launch and management of regulated investment funds and the rollout of products in the UK.

Fielding teams across offices in Bristol and London, Burges Salmon LLP's regulated funds and financial regulation practice advises on fund structuring, investment management, fundraising, tax and corporate issues, as well as regulatory advice. Clients of the team include retail investment fund managers, pension funds, and Local Government Pension Scheme (LGPS) funds. Practice head Tom Dunn advises on structuring, establishing, operating and closing UK regulated investment funds. Sarah Logeswaran is noted for her expertise in regulated funds. Noteworthy recent arrivals include retail fund specialist Jessica Reed, who joined the firm from Farrer & Co in July 2026.

Engaged by investment managers, service providers, investment funds and investors across the US, UK and EU, Faegre Drinker Biddle & Reath LLP handles cross-border matters involving unregulated and regulated funds, including UCITS funds and closed-end listed funds. regularly advises. Regulatory advice, structuring issues, and distribution arrangements are all core workstreams for the team. Practice head Michelle Moran advises European and US funds and clients on the establishment, authorisation and management of retail and investment funds. Rupert Barnes is noted for his work establishing UCITS funds across the EU and UK.

The investment funds practice at Farrer & Co advises on FCA-authorised funds, fund establishment, regulatory requirements and operational matters. The team also advises on the impact of the FCA's Sustainability Disclosure Requirements (SDR) and the Overseas Funds Regime (OFR). Practice head Grania Baird regularly advises on the establishment of UK-authorised investment funds and regulatory matters. Beth Walsh advises on FCA-authorised fund work, assisting with new fund launches and fund review projects.

K&L Gates LLP is engaged by a range of UK and US-based clients for its experience launching retail funds and products. The team advises regulated and unregulated funds on UK regulatory matters, with particular experience in ESG issues and the Overseas Funds Regime (OFR). Practice head Andrew Massey specialises in the retail funds sector, advising on legal and regulatory requirements, new fund launches, changes to existing funds, fund documentation and disclosure. Kai Zhang is particularly recommended for his regulatory expertise.