Recommendations

  • Luke gives 'excellent advice and guidance'

    Legal 500 2018

  • Luke ‘provides straightforward advice on the most complex matters’

    Legal 500 2017

  • Luke Fletcher is a key contact for social finance and charities investing.

    Legal 500 2016

Experience

I co-lead the firm’s multi-disciplinary Impact Economy practice, which advises clients seeking to have a positive social impact through their business and other activities.

Within the Impact Economy practice, I lead a team of lawyers whose collective practice spans charity, social enterprise, responsible business and impact investing.

I regularly advise on the boundaries and interplay between the worlds of charity and business. My work often involves structuring relationships appropriately where charities are interacting with businesses or operating in market contexts.

Clients vary from international NGOs, household name charities, Governments, major corporates and investment banks, to purpose driven businesses, impact investors, impact entrepreneurs and philanthropists.

Areas of focus include

  • Advising boards and senior executives in relation to governance matters
  • Providing strategic legal advice for clients engaged in complex negotiations
  • Designing new and innovative legal and constitutional structures
  • Advising on difficult, complex or unusual charity registrations

I have worked on many of the most significant developments in the growing Impact Economy, including:

  • The structuring of key institutions such as Big Society Capital and Social Finance
  • Advising the European Commission on the law and regulation of social enterprise across Europe
  • Working in Government on the design of social investment tax relief
  • Creating governance principles for community interest companies which are endorsed by the CIC Regulator
  • Making the argument for the new statutory social investment power for charities
  • Creating the official model documents and guidance on social impact bonds
  • Developing the legal and governance requirements for B Corps
  • Designing Purposely to help businesses to embed purpose in different ways

Recent projects

  • Advising a high profile multinational firm on its adoption of “profit with purpose” in its constitution and governance

    including advising on the legal, regulatory and risk implications for its directors, shareholders and international subsidiaries

  • Advising the Home Office on the structure of the £200m Youth Endowment Fund

    including advice on choice of legal form, funding terms and protection of funds

  • Advising a consortium of institutional investors who are seeking a new landmark judgment on responsible investment in the light of the climate emergency
  • Advising on the formation and governance of the Grenfell Foundation to provide long term support to the survivors of the Grenfell Tower fire and those bereaved
  • Advising DCMS on the legal structure of Fair4All, a new entity which will use funds received from dormant accounts to finance businesses addressing financial inclusion
  • Advising the OECD on the legal aspects of the development of social enterprise ecosystems
  • Advising the Government Inclusive Economy Unit on governance options for inclusive and purpose driven businesses
  • Advising LifeArc on the monetisation of its royalty interest in a blockbuster drug
  • Advising on the reorganisation of the Church Investors Group and its establishment as a charity
  • Advising the Council of the Inns of Court in relation to its registration as a charity and its charitable activities
  • Advising on the reorganisation of a leading independent school subject to a complex Charity Commission statutory inquiry
  • Advising an influential think tank on a high profile Charity Commission regulatory review
  • Developing the legal requirements for B Corps in the UK
  • Advising the Cabinet Office and others on the development of social impact bonds
  • Advising the City of London on its social investment strategy and approach
  • Creating new financing instruments and new investment funds for social impact
  • Advising on the establishment and operations of credit unions and CDFIs
  • Advising on equity and debt capital raising by charities and social enterprises
  • Advising charitable foundations on investment activity
  • Advising on charity formation, trading and mergers
  • Advising on constitutional and governance issues

Qualifications and career

  • Clifford Chance New York, scholarship placement, 2002
  • University of Nottingham, LLB Law with American Law, 2003
  • Trainee solicitor at White & Case, 2005
  • Admitted as a solicitor at Bates Wells, 2007
  • Secondments to the Social Investment Team at the Cabinet Office, 2011-13
  • Partner at Bates Wells, 2013

Pro bono, memberships, and appointments

  • Co-founder of ESELA – The Legal Network for Social Impact
  • Board Member of B Lab UK and co-author of the English law requirements for B Corps
  • Member of the Advisory Council of the International Center for Not-for-Profit Law
  • Member of the British Academy’s Steering Group on ‘The Future of the Corporation’
  • Member of the Advisory Board of Resurgo Ventures
  • Member of the CIC Regulator’s Technical Panel
  • 15 years’ of board experience in a wide variety of roles