Toby Duthie is a Founding Partner of FRA and head of its UK and European offices. He has more than 20 years’ experience in financial analysis, complex financial modeling, investigations and compliance reviews. Fluent in English and German, Toby has particular expertise in multi-jurisdictional investigations, anti-bribery and corruption compliance testing, and specializes in matters of government enforcement especially in the UK and US.
Toby has worked on many complex financial frauds and bribery investigations which have involved disgorgement and fine calculation analysis and modeling in many jurisdictions, including the US, Japan, Austria, and the UK, with the most recent including the Rolls-Royce £671m DOJ, SFO and Brazilian settlement, the $521 million Teva Settlement and the $328 million SBM Offshore DOJ settlement.
Toby was part of the FRA team supporting Airbus in a multi-year forensic accounting and eDiscovery review within the context of the company’s multinational investigation, reporting to four investigative authorities: UK Serious Fraud Office (SFO), the US Department of Justice (DOJ), the US Department of State (DOS) and French Parquet National Financier (PNF). His team focused on a risk assessment and evaluation of the company’s anti-corruption and bribery (ABC) global compliance program.
As one of FRA’s founding partners, Toby was instrumental in developing the firm’s white-collar and regulatory defense services across Europe and has been integral in resolving such high-profile FCPA enforcement cases going back to 2004 including Innopsec, Panalpina, Total, Technip Bonny Island LNG, and the Diebold FCPA monitorship. He has worked on matters involving UK, Swiss, Dutch, and French regulators and has extensive experience calculating damages in FCPA enforcement actions. He has worked on four of the ten largest FCPA settlements. Toby has further worked on some compliance monitorships involving the natural resources and IT sectors.
He also set up the UK’s first third party litigation funding company in 2002 (IM Litigation Management Limited) which pursued over 50 claims with over a 70% success rate. A graduate with honors from University College London, Toby worked as a steel trader in Hong Kong and in the investment banking division of Deutsche Bank/Morgan Grenfell.
Investigations Forensic Accountant of the Year 2018 and 2019 at the Who’s Who Legal (“WWL”) Awards. One lawyer comments that “he is the most articulate financial expert [they] have ever retained” and another source described him as “tremendously impressive, he knows all there is to know about FCPA enforcement”.
Peers state that “there is no one better in the field” than Toby Duthie. He is noted as “sharp, practical and a real pleasure to work with”. Who’s Who Legal Global Elite Thought Leader 2019 and 2020.
The “excellent” Toby Duthie is a prominent figure in the UK investigations market and stands out for his work in fraud and bribery. Who’s Who Legal Thought Leader GIR 2019.
Toby Duthie is highly adulated for his “great client skills, and ability to communicate complex issues clearly” Who’s Who Legal Consulting Experts 2018 and 2019.
Toby Duthie is a “highly articulate financial expert according to sources, who praise his “ability to communicate complex issues clearly and come up with creative solutions”. Who’s Who Legal Investigations: Forensic Accountants 2018 and 2019.