Ince & Co. announces Partner-driven transaction acquire legal business and associated assets from The Ince Group plc
28 April 2023 – Ince & Co. (the ‘Company’ or ‘Ince & Co.’) has announced a Partner-driven transaction to acquire the legal business and associated assets from the Ince Group plc (the ‘Group’ or ‘PLC’) by AxiomDWFM Limited (“AxiomDWFM”).
Ince & Co. will be a separate operating entity of AxiomDWFM’s and will be managed independently as a separately branded legal services business. The transaction enables the Partner group of Ince & Co. to refocus the firm’s growth strategy on its core legal services, whilst also improving operations and support structures.
AxiomDWFM’s new ownership provides Ince & Co. with solid foundations that will allow it to flourish on its own terms and to continue to provide the high quality of professional service for which it has been known. It will allow Ince & Co.’s exceptional lawyers to reinforce the firm’s reputation in key sectors such as shipping & energy, aviation, insurance and real estate, along with practices such as dispute resolution, employment, immigration, asset finance, corporate services (including tax), regulatory, family & private wealth and related areas.
AxiomDWFM is a successful, full service legal practice with a number of UK offices founded by its Managing Partner, Pragnesh Modhwadia, who is a practicing solicitor.
Donald Brown, CEO of Ince & Co., said:
“This acquisition of the Ince businesses will give the firm, our team and our clients a simple and clear corporate and capital structure under professional, knowledgeable and robust ownership.
“We are underpinned by a group of immensely talented lawyers with deep expertise in our key sectors.
“After taking over the management of the PLC group, it quickly became apparent that we needed to address a series of poorly structured and executed transactions and expansions.
“We thank our clients and colleagues for their patience and above all, their continued loyalty and support after the uncertainty of recent months.
“We would also like to thank the non-executive directors and the Board of the PLC for its support through what has been a challenging situation and the AxiomDWFM team for their clear thinking and prompt action after they entered the process with the Group’s administrators.
“We look forward to moving forward, together.”
Jennette Newman, Managing Partner of Ince & Co., said:
“We are committed to reinforcing the firm’s reputation of providing complex legal services to corporate, commercial and high-net-worth clients in our core sectors.
“We have outstanding lawyers, loyal clients and an exciting growth strategy. Since joining the firm in December 2021, I have enjoyed enormously working with our teams and clients.
“I look forward to the future with great confidence to all that we can do together with our combined and enhanced capabilities.”
George Zambartas, Head of shipping and corporate law, Cyprus, said:
“This is an exciting time for us to continue to develop the Ince Cyprus office which has gone from strength to strength since it was set up in October 2020 and has already made a significant contribution to the highly successful international network of Ince offices.
“For our clients it is business as usual. For our talented people, it is a great opportunity, to be part of the next chapter of Ince & Co.’s story, together with the other international Ince offices.”
Pragnesh Modhwadia said:
“We have great confidence in the quality of the Ince & Co business and the lawyers within it and are very excited that, like AxiomDWFM, the firm is built around differentiated areas of great specialism, market positioning and quality of service.
“When the opportunity came to acquire a business of the calibre of Ince & Co. we were eager to engage and are delighted that the Ince & Co team shared our enthusiasm.
“We believe we have a great relationship already and a great opportunity together.”
Existing remuneration structures will be honoured and other material liabilities of the business will be funded.
All employees transferred into Ince & Co. under their previous terms of employment.
Kindly shared by Axiom DWFM (Ince & Co.)
Main article photo courtesy of Pixabay
