Arc Pensions Law announces strong growth and new hires
Arc Pensions Law announces that the firm has exceeded its budgeted growth targets for its first year of business.
The firm, launched by Anna Rogers and Chris Mullen in June 2015, now has a roster of over 50 clients, having expanded services to a variety of trustee and corporate clients, including numerous US and UK law firms for whom Arc provides specialist pensions law support. The firm has already won new clients and projects in competitive pitches for both corporate and trustee work, in head to head competition against more long-established practices.
Chris Mullen, Managing Partner at Arc Pensions Law, commented: “Arc Pensions Law’s turnover and profitability in our first year of business were both well in excess of target and we expect this growth to continue during our second year. By the end of the year our annualised turnover was well into seven figures, which we’re pretty pleased about, and we expect this figure to double by the end of this financial year. Our growth has required us to expand our premises already, and we’re confident that the firm is on a very sound financial footing.
“The firm’s position in the market has also gone from strength to strength over the past year, with the additions of Anne-Marie Winton and Rosalind Connor joining as partners.”
The firm’s expansion continues with the appointment of Senior Associate Anna Copestake and Consultant Kevin Le Grand joining on a permanent contract.
Anna Copestake joins the firm from Sackers. With a solid background in supporting DB schemes, she also has a particular interest in DC pension schemes, specifically master trusts, and has considerable experience of investment issues, scheme mergers and benefit re-design, as well as buy-ins and buy-outs. She has spent time on secondment at both the Pensions Regulator and the PLSA.
Kevin Le Grand, who is the President of the Pensions Management Institute (PMI), has been working part-time as a consultant since October and now joins the firm on a permanent basis, to continue his work advising on client projects, research and insight into pension market developments.
Anna Rogers, Senior Partner at Arc Pensions Law, said: “It has been a hugely exciting and rewarding first year for the firm. We couldn’t be more thankful to those who supported the firm in its early stages. Now we are through our start-up phase and have grown into a fully-fledged law firm.
“We identified the market was ready for a new specialist pensions law firm designed on a pensions-only cost base and a welcoming, dynamic culture. We’ve been delighted by the positive responses received from both clients and contacts in the industry, as well as potential recruits.”
The Arc Pensions Law team plans to continue to expand and is in discussions with potential additional partners.
The views in this article are intended for general information purposes only and should not be used as a substitute for professional advice. Arc Pensions Law and the author(s) are not responsible for any direct or indirect result arising from any reliance placed on content, including any loss, and exclude liability to the full extent. Always seek appropriate legal advice from a suitably qualified lawyer before taking, or avoiding taking, any action. If you have any questions on the points raised in the above, please do not hesitate to get in touch.