Legal Business Blogs

Switching sides: Eversheds Manchester banking head departs to take GC role

Eversheds Manchester banking head Nigel Dale is leaving the firm after 20 years to join specialist lender Together as its general counsel (GC).

Dale has headed the firm’s banking team at Eversheds’ Manchester office for the last two decades and advised Together for the last 15 years.

‘The alternative finance sector is growing rapidly and Together is poised to capitalise on this thanks to its strong financial position and its appetite for both residential and commercial lending,’ said Dale.

At Eversheds, Dale acted for financial institutions, borrowers, private companies, major listed public companies, property developers, banks and equity providers.

His main areas of practice include acquisition finance transactions, bilateral and syndicated facilities, property finance and advising on security. Dale is described by the Legal 500 as ‘top notch’ and is a leading individual for banking and finance in the north west.

Recent deals Dale advised on include vehicle hire firm Northgate’s £424m debt refinancing in August, and long-time client University College London’s new £150m loan provided by a syndicate of banks including HSBC, Lloyds Bank, RBS and Barclays in March.

In September, Eversheds managing partner Lee Ranson was tasked with leading a ‘Growth Agenda’ following the firm’s subdued performance in this year’s Legal Business 100.

The firm posted flat results for the last financial year, with revenues at £380.7m compared with £379.1m in 2013/14, while profit per equity partner nudged up just 2% from £731,000 to £749,000.