Ince & Co


Position: 45
Firm: Ince & Co

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.

  • Web: www.incelaw.com
  • Telephone: 020 7481 0010
  • Fax: 020 7481 4968
  • No. of Trainees: 21
  • No. of Trainee Vacancies: 12
  • Training contract application deadline: 31-Jul-08
  • Selection
    • Individual interview: Yes
    • Panel interview: Yes
    • Assessment day: No
    • Psychometric test: No
    • Written exercise: Yes
  • No. of Seats: 4
  • Opportunities Abroad: Occasionally
  • Vacation Schemes
    • No. placements: 9
    • Summer vacation scheme application deadline: 14-Feb-08
  • GDL/CPE Intake: 60%
  • GDL/CPE funding
    • Fees: Yes
    • Maintenance: £5,500-£6,000
  • LPC funding
    • Fees: Yes
    • Maintenance: £5,500-£6,000
  • Salary/benefits
    • Start: £31,000
    • Qualification: £59,000
    • Season ticket loan: Yes
    • Healthcare: Yes
    • Pension scheme: Yes
    • Life assurance: Yes
    • Bonus scheme: No
    • Gym membership: Yes
    • Subsidised lunch: No