Winston Penhall

Senior Consultant

Winston is an experienced asset management and investment funds lawyer and represents investment managers, institutional investors and service providers in the funds and asset management space. Winston is widely published and is a Private Equity Practice Advisor to Lexis-Nexis.

His recent client mandates include: acting for an international asset manager in connection with their managed account and funds of one mandates; representing a tech-venture general partner on a series of GP-led secondaries; advising a UK pension scheme on the negotiation of a £750 million managed account; and representing a hedge fund manager on their managed account rollout and trading agreements.

Winston is recognised by a number of legal directories:

Chambers UK (2021 – 2023) for Investment Funds: Private Equity: Venture Capital

“He is very knowledgeable, diligent and responsive.” “He is superb on the legal work and when helping us negotiate.” Chambers UK 2021

Listed as “Highly Regarded” for Investment Funds and Hedge Funds by IFLR 1000 2022.

“Winston’s engagement is exceptional. He has a deep knowledge of the industry and an ability to anticipate issues upfront and offer sensible options to resolve them. His availability (for instance at weekends or whilst on leave) often exceeds expectations. I trust his judgement.” The Legal 500

Outside of work, Winston is interested in watching sport generally, MotoGP, fly-fishing and spending time with his wife and son.



2001-2003: BPP Law School, Legal Practice Course (Law Society Prize for Excellence)
2000-2001: BPP Law School, PGDL
1994-1995: UNISA, LLB (Post-Graduate Degree in Law)
1991-1993: UNISA, B.Iuris (Undergraduate Degree in Law)


July 2021 – Current: Humphreys Law – Senior Consultant
May 2021 – Current: Keystone Law – Partner Consultant
April 2014 – April 2021: Reed Smith LLP – Partner and Co-Head of Funds
Feb 2012 – April 2014: KPMG – Founder and Leader of the Funds Law Team
Oct 2008 – Feb 2012: Reed Smith LLP – Senior Associate (Investment Funds)
Feb 2006 – Oct 2008: Nabarro LLP – Associate (Investment Funds)
Oct 2004 – Feb 2006: Dechert LLP – Associate (Financial Services/Funds)
2003 – 2004: Dechert LLP – Trainee Solicitor
1999 – 2003: Dechert LLP – Investigations Department Litigation Assistant
1991 – 1996: South African Department of Justice – Legal Assistant and Criminal Prosecutor (94-96)

Recent articles by Winston Penhall