Eversheds rebuilds Leeds pension team

Eversheds has begun to rebuild its depleted Leeds pensions practice with the hire of Nabarro Nathanson’s former Sheffield pensions head Neville Peel.

The hire of Peel, who retired from Nabarros 18 months ago, is the firm’s first move to rebuild a practice that was destroyed five months ago when Eversheds’ Leeds pensions head Jacqui Timmins and a fellow partner quit for Pinsent Masons.

The raid prompted Eversheds to launch a rearguard action to preserve the pensions practice in the city. Following the Pinsents raid, Eversheds flew in HR and pensions head for the North Ronald Graham and Birmingham pensions partner Ingrid Everson to Leeds to convince associates in the team to stick with the firm. The move was ultimately unsuccessful.

During the five years she spent at Eversheds, Timmins helped the pensions team quadruple in size to bring in more than £1.5m.

Peel said he was attracted by Eversheds’ international network, adding: “My role as a trustee, along with the fact that I’ve spent a significant proportion of my career in industry, enables me to understand the many challenges associated with pension schemes from the client perspective.”

Peel joins Eversheds’ Leeds office as a senior consultant after five years at Nabarros, where he led the firm’s South Yorkshire pensions offering.

Peel has previously established strategies to repair deficits in pension schemes.