Ince & Co exploring merger play
Ince & Co has been exploring possibilities for a merger, reaching out to several firms, including Watson Farley & Williams and Stephenson Harwood. Ince & Co has seen its revenues fall and has undertaken two redundancy consultations as of late.
Watson Farley managing partner Chris Lowe was quoted as saying he had met with Ince & Co, but did not explicitly state the nature of the talks. A senior partner at Ince confirmed their meeting.
Watson Farley saw its revenues increase to £125m in the last financial year, a seven percent increase from the year before. Meanwhile, Ince's revenues fell eight percent from the previous year, falling from £86.7m to £79.4m. The drop was the second straight year that revenues fell for the firm.
A number of partners have left Ince in the past year. And in two redundancy consultations conducted within the past year and a half, the firm has seen 16 lawyers and 16 secretarial staff leave.
A combination of the firms would create a large shipping, energy and insurance firm, that could generate more than £200m annually.