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Liability fears

04 November 2010
Issue: 7440 / Categories: Legal News
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Pensions lawyers are in demand from employers who fear their liabilities could increase as the economic downturn hits.

The annual Pensions World magazine survey featured in the November issue, found employers are focused on their liabilities and worried about the “endgame”.

Pension lawyers taking part in the survey also expressed concern about the current employer exodus from defined benefit (DB) schemes.

Paul Stannard of Travers Smith, says: “There has been a general shift in attitude which makes it acceptable for private sector employers to withdraw DB schemes and to offer replacement arrangements that may well be inadequate.

“This has now gone past the point of no return and means that individuals will increasingly have to fend for themselves.”

Tim Cox of Linklaters was voted the best all round pensions lawyer for the second year running in the annual survey.

Along with Paul Stannard he was also voted joint top negotiator. Joint runner ups as best all round lawyers were Derek Sloan (Allen and Overy) and Robert West (Baker & McKenzie).

Mark Blyth (Linklaters) was for the second year running cited as the top litigator sharing the honours with Katherine Dandy (Sackers).
 

Issue: 7440 / Categories: Legal News
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