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Turnover: £64.3m Profit per equity partner: £420K Earnings per partner: £315K Equity spread: £230K-£520K Net profit: £21m Profit margin: 33 per cent Revenue per fee-earner: £230K Revenue per lawyer: £331K Revenue per partner: £784K Revenue per equity partner: £1.29m Total number of fee-earners: 280 Total number of qualified partners: 194 Total number of partners: 82 Total number of equity partners: 50 Total number of female partners: 9 Total number of female equity partners: 6 Total number of staff: 500 Leverage ratio (equity partners/fee-earners): 1:2.9
INTERNAL PROMOTIONS 2005-06: Commercial litigation 1, shipping 1, shipping/insurance 2 2004-05: 2 (sectors not disclosed) 2003-04: 5 (sectors not disclosed)
LATERALS 2005-06: Shipping finance 1 2004-05: 1 (plus one consultant) 2003-04: 1 (plus one consultant)
Intake as percentage of partnership 2005-06: 7 New female partners as percentage of intake 2005-06: 20 Firms recruited from :Norton Rose, Stephenson Harwood, Watson Farley & Williams Equity structure: 43 equity partners, 29 non-equity partners Practice area(s) most heavily promoted: Insurance, shipping
Over three years Ince & Co has made up 11 partners and brought in three laterals, plus two partner-level consultants. The majority of new partners have been in London, but there are some scattered around the network – two in Hong Kong, one in Singapore, one in Greece and one in Hamburg, to mention a few.