Ince projects 15% revenue rise as three lawyers join partnership in London and China
Firm set for financial turnaround after three years of falling revenues
April 24, 2017 at 08:08 AM
2 minute read
Ince & Co has made up three new partners across the firm's offices in London, Beijing and Shanghai.
The firm has also announced that it is expecting to post a 15% revenue rise for 2016-17, a performance that would mark a turnaround after three consecutive years of falling turnover.
Since 2013, Ince's revenues have fallen almost 20% from £93.2m to £76.2m last year, with the projected 15% rise for 2016-17 set to propel the firm back up towards the £90m mark.
The three new partners, who will take up their new roles on 1 May, are London international trade and shipping lawyer Carl Walker (pictured), Beijing commercial litigator Fei Mao, and Shanghai shipping and international trade and insurance lawyer Shirley Li.
International senior partner Jan Heuvels said: "I would like to congratulate Fei, Carl and Shirley. Their promotions reflect their contribution to the business and are thoroughly deserved. These appointments also demonstrate our ongoing commitment to investing in our people and firm. As a result of this investment, we are projecting a 15% year-on-year increase in turnover by financial year end."
Since May last year, when two partners were made up, Ince has made two further partner promotions, as well as eight lateral hires. In 2016, the firm also introduced a bonus pool to reward its top billers as it moved to a managed lockstep system.
Last week, a handful of other UK top 50 firms also announced their 2016-17 partner promotions. Berwin Leighton Paisner made up four, down from 17 last year, while Charles Russell Speechlys promoted six, a drop from nine last year. Meanwhile, Allen & Overy unveiled a 24-strong round, including 10 in the magic circle firm's London headquarters.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllHogan Lovells, Khaitan Lead On Beverage Company’s $890M Offering In India
Clifford Chance Adds Two Goodwin Leveraged Finance Specialists as Partners in Paris
2 minute readTrending Stories
- 1King & Spalding E-Discovery Director Jumps to Nebraska Women-Owned Firm
- 2Nation's Largest Utility Parts Ways With CLO Who Helped It Navigate Bribery Scandal
- 3Advocates Renew Campaign for Immigrant Right to Counsel in New York
- 4From ‘Unregulated’ to ‘A Matter of Great Concern’: PFAS Regulation under Biden
- 5Public Interest Lawyers in NY Fear Rollback of Federal Loan Assistance in '25, Ask Gov. to Add $4M to State Program
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250