Ince & Co launches redundancy consultation with 10 fee-earners

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  • This is sad news and good luck to all who are affected. Good that the firm is looking after the leavers. For the firm this is really a sad indictment of an overly conservative strategy in recent years. While other shipping firms such as Clydes have expanded massively, Ince have taken on very few laterals. Hopefully the leavers will find good roles at firms not so affected by "market conditions".

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  • Disagree Tim. Ince has taken on far too many laterals without sufficient clarity on what business they will bring in, and rates are too high to recruit and retain clients in this cost-conscious market. Some have seen for a while what is coming. Other firms not so affected by "market conditions" charge less or are more flexible on fees. It's not a significantly-enhanced package either. Stat min plus a bit on top that probably covers other employer commitments anyway.

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  • My point is that other firms in this sector - whether old lags or new entrants - have been able to generate profits by taking a less conservative approach and bringing in fresh talent to break the mould of the tired shipping firm model. Those other firms you mention are also embracing new ways of working to drive operating costs down.

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