UK - Law firm Wragge & Co has won an ongoing legal appointment for the Baird Group Pension Scheme - part of retail fashion company Jacques Vert.
The win follows a “comprehensive review” of pensions practices by the clothing company.
Trustee Paul Bryon said the Wragge & Co team was chosen to provide legal advice to the final salary scheme because of its “energy and enthusiasm”, coupled with a “professional but pragmatic approach”.
In 2002, Jacques Vert bought rival women’s clothing retailer William Baird and integrated its £145m scheme into the resulting company structure.Wragge pensions partners Richard Black and Jason Coates, together with solicitor Erica Lynam, formed the team which pitched for the work.
Wragge & Co, which was recommended by scheme consultant Hymans Robertson, replaces Field Fisher Waterhouse.
The appointment follows Wragge’s launch of a full-time practice in London last year – in addition to its Birmingham base – and successful wins to advise schemes including the £1.7bn Philips Pension Fund and the £2.5bn Rolls-Royce Pension Fund.
Head of pensions Glyn Ryland said the latest appointment showed that the firm was “in great shape” to get new instructions on the national market.”
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