David is chairman of the financial services division of DAC Beachcroft LLP, having been its senior partner from 1996 to 2005. He joined the firm in 1965 and became a partner in 1969. He specialises in regulation and spent much of 2009 conducting an independent review of legal services regulation on behalf of the Law Society of England and Wales. He was also instructed by the Commerce and Industry Department of the States of Guernsey to review both insurance and banking on the island.
In 2008 he completed a successful independent review of the Financial Ombudsman Service. In recent years David also led the legal teams on the ABI’s Raising Standards Initiative, on the establishment of the PPIAB, the creation of AIFA, and the setting up of the Pensions Advisers Support system. David was awarded the MBE in 1973 and elected Member of Parliament for Wirral from 1976-83 and then Wirral West 1983-97. He has been a member of the Privy Council since 1990. From 1979-95 he was a member of the UK government, including Cabinet posts as Secretary of State for Wales, Secretary of State for Employment and Chancellor of the Duchy of Lancaster. He was Treasurer of the Queen’s Household from 1987-89. David stepped down from the Cabinet after five years in July 1995 to become senior partner. He was made a life peer in 1997.
"[DAC Beachcroft's] team includes Lord Hunt, a former President of the Chartered Insurance Institute, and was boosted by the hire of Mark Neville and Mathew Rutter." Legal 500 UK, 2010 Edition, Insurance: Corporate and Regulatory, London.