UK - Wragge & Co is set to launch a full-time pensions team out of its London office following its hiring of Linklaters' managing associate Jason Coates.
Wragge hopes to build on its national platform and pick up market share of schemes with assets of more than £100m concentrated in central London and South East.
And the team has set its sights on becoming one of the top five pensions law firms in the UK – by cutting costs, passing much of the London work back to its lower-cost Birmingham office.
Coates will be supported by Wragge partners Glyn Ryland and Vivien Cockerill as well as four dedicated London pensions lawyers.
Wragge hopes to have a total of 34 pensions lawyers with 25 in Birmingham and nine in London by 2008.
Ryland said: “London is the predominant location for some of the biggest pensions schemes and the centre of the UK pensions industry.
“We would continue to lose out unless we had a permanent presence in London.”
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