| Turnover | £47m | | Profit per equity partner | £335,000 | | Equity spread | £180,000-£420,000 | | Net profit | £14.4m | | Profit margin | 31 per cent | | Revenue per lawyer | £311,000 | | Revenue per partner | £653,000 | | Revenue per equity partner | £1,093,000 | | Total no of fee-earners | 209 | | Total no of assistants | 79 | | No of partners | 72 | | No of equity partners | 43 | | Total no of female partners | 5 | | Total no of female equity partners | 2 | | Total no of staff | 396 | | Leverage ratio (equity partners/fee-earners) | 1.8 | | Representative clients | Ace Aviation
Gard Services
Nordisk
Transocean
Vitol | |
International may be the name of the game
for Ince & Co, but it is the firm's London office that
saw much of the activity last year. Revenue was up
by around 10 per cent thanks to a combination of
major reinsurance disputes, such as Aon Energy 77.
The move to new offices has been a great boost to
morale, but it was also a major investment, although
the £30 per sq ft rent is very competitive.
The China boom, particularly in shipping, is good
news for Ince: 55 per cent of the firm's £47m turnover
comes from shipping. The international network,
which features Hong Kong, Shanghai and Singapore,
is also a solid source of work. The firm is pushing
non-contentious shipping, particularly ship finance,
the hardest, fired by the arrival of Norton Rose partner
David Baker. Other core areas are international
trade, energy, insurance, reinsurance and aviation.
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