Ince & Co partner exits mount as Singapore heads jump to Reed Smith
Reed Smith is hiring Ince & Co's Singapore office managing partner and the joint head of its local partner firm
October 30, 2015 at 06:23 AM
3 minute read
Two key leaders of Ince & Co's Singapore operations have jumped ship to join Reed Smith, in the latest in a string of exits from the firm.
Office head Richard Lovell and joint managing director of Incisive Law, Ince & Co's Formal Law Alliance in Singapore, Mohan Subbaraman have both resigned from Ince and are leaving to join Reed Smith, the firms have confirmed.
However, a spokesperson for Ince & Co said there had been no date set for their departures.
Lovell will be succeeded by energy, international trade and commodities, and shipping partner John Simpson as head of the firm's Singapore office.
In addition Ince is relocating Asia head of admiralty law Harry Hirst from Hong Kong to bolster the firm's Singapore base, while finance lawyer Devandran Karunakaran has been promoted to partner in the city-state.
With the relocations, promotion and Lovell's exit Ince's Singapore base will have five partners, one more than its currently has, including Lovell, listed on its website.
The Ince & Co spokesperson said that the firm is in discussions with Incisive "to look at all options open to them" but declined to comment on whether this may mean a closer relationship between the two firms.
Subbaraman's exit will leave Incisive with two directors, according to its website.
The exits are the latest in a series of departures from the firm including the departure of global head of shipping Faz Peermohamed, who is leaving to become chief executive of the Norweigan Hull Club at the end of the year, and the departure of six partners in the wake of a restructuring exercise in April.
A spokesperson for Reed Smith said the hire of the lawyers from Ince's office was part of the firm's strategy to seek a Formal Law Alliance in Singapore, which it needs to practice Singapore law, "in the near future".
Currently Reed Smith has 19 lawyers in Singapore including nine partners.
Earlier this month Legal Week reported that Ince & Co is discussing merger options with its partnership, asking its lawyers to suggest possible merger targets. However, the firm insists it is yet to approach any rivals about a combination.
Speaking to Legal Week international senior partner, Jan Heuvels said the firm is also exploring other growth options including launching a consultancy service and he expects to see growth from the Chinese and Middle Eastern markets in the coming years.
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