A generation ago Ince & Co ruled the waves of shipping law. Last week the Ince Group, as the new publicly listed company is called, sacked its chief executive, the instigator of the float, over a mysterious potential conflict of interest. The company also announced a bid to raise £8.6 million to stave off “financial difficulties”.
Ince is arguably not the best advertisement for what the architects of alternative business structures had in mind when reforming legislation was enacted in 2007 to allow outside investment in traditional law firms and for practices to list on the stock exchange.
Of the six former law firms that have floated on the London exchange so far, Ince Group, DWF and Gateley are the largest, all featuring in
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