Ince & Co has plucked a former Norton Rose partner in a bid to bolster its burgeoning ship finance team.
David Baker will be responsible for the launch of a ship finance practice at Ince’s Piraeus office, which currently focuses solely on maritime litigation.
Baker set up an equivalent practice for Norton Rose, also within its Piraeus office. His move reflects increased efforts by large maritime firms to penetrate the ship banking market in the wake of the current ship construction boom.
Ince has been vigorously recruiting over the past two years, including taking on three former Sinclair Roche & Temperley ship finance partners, David Beaves, Charles Foster and Michael Stockwood, who joined Ince after their former firm merged with Stephenson Harwood in 2002.
While Constant & Constant ship banking lawyer, Fred Vroom, also joined Ince as a partner in 2002.
Norton Rose and Clifford Chance are the only two top 10 firms which house both shipping finance and maritime litigation practices. However, Norton Rose has significantly downsized its ship litigation work in recent years, largely because of a reduction in fees in this area.