Next Generation Partner – IT and TelecomsThe Legal 500 UK 2021

Christian F. McDermott

  • 99 Bishopsgate
  • London EC2M 3XF
  • United Kingdom

Christian McDermott, an experienced technology lawyer, advises clients on large-scale technology contracts, commercial collaborations, as well as fintech and payments transactions.

Mr. McDermott advises global and UK-based clients — including major financial institutions as well as publicly listed, private, and emerging companies — on the development, use, and commercialization of technology, in particular:

  • Large-scale technology and outsourcing projects
  • Complex commercial collaborations
  • Fintech contracts
  • Established and emerging payments technologies
  • Licensing and distribution arrangements
  • Diligence on technology and fintech M&A and IPOs
  • Transitional services arrangements
  • General commercial law and intellectual property matters

Mr. McDermott draws on more than a decade of experience with technology and fintech matters. He has a keen sense of what is at market, utilizes effective collaboration strategies, and has developed a reputation as a skilled negotiator who knows how to get deals done.


  • Ranked – Next Generation Partner for IT and Telecoms
    The Legal 500 UK 2021-2022   
  • Named a Key Lawyer for Fintech
    The Legal 500 UK 2021-2022   
  • Named a Key Lawyer for Venture Capital
    The Legal 500 UK 2021
  • Ranked - Next Generation Lawyer for Commercial Contracts
    The Legal 500 UK 2017

Mr. McDermott’s representative transactions include advising:

Outsourcing and Technology

  • A global retail and investment bank on the multi-billion Euro global outsourcing of its investment banking IT infrastructure
  • A leading UK insurer on both: the outsourcing of policy administration activities; and the outsourcing of certain IT and business processes
  • A global UK-headquartered retail and investment bank on the top-down renegotiation of its relationship with its biggest IT supplier, comprising individual hardware, software, and services streams
  • A European financial services provider on the formation of a joint venture with a leading US telecoms company, including the drafting and negotiation of various associated business and outsourcing arrangements, as well as the launch of a co-branded credit card
  • A global media company, negotiating framework services agreements with the client’s three main offshore service providers

Fintech and Payments

  • Goldman Sachs on the development of Marcus Invest, its UK Retail Investment Platform
  • Square in its acquisition of Verse Technologies, a Spain-based mobile payments application company
  • Thomas Cook Group plc on the payments-related aspects of its attempted rescue, in particular the renegotiation of arrangements with its three largest payment service providers
  • Interswitch on its strategic partnership with Visa, which made Interswitch one of the most valuable African FinTech businesses with a valuation of US$1 billion
  • A nation state on the development of a new domestic and international payments system, including the drafting the various underlying commercial contracts
  • CVC and Blackstone in connection with the £2.96 billion acquisition by a consortium comprised of Blackstone and CVC Capital, of Paysafe Group, a UK-based online payment solutions company
  • The underwriting banks on the US$2.4 billion IPO of Nets — Scandinavia’s largest payments processor  
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