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Stephen Smith

Joint Managing Partner – Competition and Antitrust

With over 20 years’ experience, Stephen has a very broad practice with experience across a range of EU and UK competition law matters. His practice includes advising on the competition law aspects arising from distribution and other commercial agreements, to merger control (UK and multi-jurisdictional) as well as cartels and anti-trust investigations.

Another area of focus is advice in respect of the laws on abuse of dominance, both for companies who enjoy such positions of strength and for those who may be affected by an abuse of dominance.

Finally, Stephen has significant experience of competition litigation, from advising clients on judicial review of regulatory decisions, to advising in respect of follow-on and standalone competition litigation actions.

Some of Stephen’s recent experience includes:

  • Advising Bestway on its acquisition of the UK pharmacy wholesale and retail business of Lexon, one of the fastest Phase 1 clearance decisions before the Competition and Markets Authority (CMA).
  • Advising Dutch listed home furnishings group Hunter Douglas in respect of the CMA’s Phase 1 and Phase 2 reviews of the completed acquisition of 247 Home Furnishings
  • Acting for Eurotunnel’s MyFerryLink business, in the first ever jurisdictional challenge under the merger provisions of the Enterprise Act to reach the Supreme Court in the UK.  The case encompassed two lengthy merger proceedings before the CMA, two appeals at the Competition Appeals Tribunal and one at the Court of Appeal before reaching the Supreme Court.
  • Advising on the owners of the Evening Standard and the Independent in the Competition Appeals Tribunal on their successful jurisdictional challenge against the Secretary of State for Culture, Media and Support.
  • Advising national fibre network challenger CityFibre on various aspects of the regulatory fixed broadband network before Ofcom and on appeal at the Competition Appeals Tribunal
  • Acted for Denon & Marantz on a European Commission investigation into resale price maintenance.
  • Assisting an animal medicines manufacturer with the CMA’s market investigation into the veterinary sector
  • Advising a UK housebuilder on various aspects of the CMA’s investigation into alleged information exchange in the UK housebuilding sector.
  • Worked with numerous clients on the national security aspects of various deals under the UK National Security and Investments Act.

Stephen is recognised by his clients as adept at providing pragmatic, commercial advice and his experience spans diverse sectors including telecommunications and technology, life sciences, financial services, retail, manufacturing, and fmcg services generally.

Stephen is fluent in French and is a former Chair of the Law Society’s Competition Section.

Credentials

  • MA Modern and Medieval languages, University of Cambridge
  • Qualified 2001
  • Partner 2011
  • Joint Managing Partner 2022 – present
  • Advocaat bij de Balie te Brussel
  • Admitted in Republic of Ireland (non-practising)

What others say

“Stephen Smith has incredible commercial awareness in a variety of sectors and is very pragmatic in his advice.” Chambers and Partners 2026
“Stephen Smith, Francion Brooks and Victoria Yuan are all highly knowledgeable, experienced and provide superb advice.” Legal 500 2025
“Stephen Smith has an exceptional understanding of the real-world realities facing his clients and his advice is always presented as a clear solution to the question asked.” Chambers and Partners 2026
“Stephen Smith brings serious intellectual rigour to his work and combines this with significant advisory experience across a range of sectors.” Chambers and Partners 2026
“We are very impressed by his knowledge of competition and merger law, combined with his strong commercial focus.” Chambers and Partners 2026
“Stephen Smith provides thoughtful and clear advice, helping to break down complex matters and presenting them in a way that is practical and clear.” Chambers and Partners 2025
“Stephen Smith leads the competition law aspect of our work and has done so for many years, both skilfully and valuably.” Chambers and Partners 2025
“Stephen Smith's broad practice encompasses transactional matters and contentious competition law.” Legal 500 2025
“He is an excellent and pragmatic lawyer. He has delivered strategic vision throughout the whole project.” Chambers & Partners Europe 2024
“He inspires full confidence in the matters we bring to him.” Chambers & Partners Europe 2024
“He's fantastically commercial and has a real grasp of the appetite for customers to get into the level of detail they need.” Chambers & Partners Europe 2024
"He's fantastically commercial, and has a real grasp of the appetite for customers to get into the level of detail they need." Chambers and Partners 2024
"He inspires full confidence in the matters we bring to him." Chambers and Partners 2024
"He is an excellent and pragmatic lawyer. He has delivered strategic vision throughout the whole project." Chambers and Partners 2024
“Steve Smith is very commercial, knowledgeable and practical. He brings a note of calm to all situations.” Legal 500 2024

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