Clifford Chance senior associate Paul Rowell is joining the expanding pensions team as a partner today.
Rowe & Maw pensions partner David Thompson joined Shoosmiths’ Banbury office after he moved to the Oxfordshire town.
Jill Lehman, Shoosmiths’ head of pensions, says: “He will be joining as an associate in the first instance.
“People don’t come in at partner level unless they join as head of department.”
Andrew White, who co-heads Rowe & Maw’s pensions group with senior partner Stuart James, says: “We were faced with a situation where we needed to replace a partner.
“We lost one at a time when we needed more rather than fewer partners.
“There is a lot of pensions work around. Whenever we calm down, the Government changes the law again.”
White says 8 to 10 per cent of the firm’s total turnover is generated by pensions work.
The firm advises employers or trustees of large occupational pensions scheme.
Its big-name clients include British Steel, London Regional Transport, P&O, Nestle, Reed Elsevier and Prudential Corporation.
White, who spearheads the group’s personnel recruitment as part of his administrative remit, says: “There is a considerable shortage of good quality people with drive and initiative.”
Rowell is understood to have decided to quit Clifford Chance as he wished to become a partner.
Rowe & Maw has a two tier system of equity and fixed share equity partners – the level at which Rowell will join. Clifford Chance only has full equity partners.
A Clifford Chance spokesman says: “We wish him all the best. We have no further comment.”