Ince Gordon Dadds

The Ince Group plc is a United Kingdom-based holding company with a core business in legal services, which is listed on the London Stock Exchange.[2] The company also offers complementary services in accounting, financial services, consulting, and pensions advice.[3] It was previously known as Ince Gordon Dadds LLP, following the acquisition of Ince & Co by Gordon Dadds Group LLP,[4] and rebranded as The Ince Group in August 2019.[5]

Ince
Ince Gordon Dadds logo.png
HeadquartersLondon
No. of offices21
No. of employees700
Major practice areasGeneral Practice
Key peopleAdrian Biles
(Chief Executive)
Simon Howard
(Chairman)
RevenueDecrease £97.0 million (2021/22)[1]
Date founded1866
Traded asAIM: INCE
Websitewww.incegd.com

In 2022, The Ince Group ranked 47th in The Lawyer UK 200 list, with £100.2 million in revenue during the previous year.[5] As of 2021, the firm operated in 9 countries and had 21 offices, and employed over 700 employees worldwide, including support staff.[6] The chief executive officer is Adrian Biles, while the non-executive chairman is Simon Howard.[7]

HistoryEdit

In 2017, Gordon Dadds LLP became the second law firm to list on the Alternative Investment Market (AIM) of the London Stock Exchange, raising £20 million, two years after Gateley became the first UK law firm to have an IPO.[8][9] The Legal Services Act of 2007, which went into force in 2012, had made it possible for non-lawyers to own or invest in law firms organised as "alternative business structures".[10] In 2018, Gordon Dadds acquired Metcalfes Solicitors in Bristol.[11]

In early 2019, Gordon Dadds LLP acquired the UK and Chinese businesses of Ince & Co for an estimated £21 million in consideration,[12] creating the largest publicly traded law firm in the UK based on revenue at the time, until DWF went public in March of that year.[13][14] Both Gordon Dadds and Ince & Co were well established in the field of insurance law.[15] Gordon Dadds was known for resolving large and complex disputes in the London and international markets,[15] and had a private client and family practice,[16] while Ince & Co was a network of international commercial law firms,[15] specialising in the shipping and insurance sectors,[17] as well as energy and aviation.[5]

Six months into the merger, the firm rebranded the name of most of its legal businesses, including most of its international offices, to "Ince";[4] only its private client business then in Mayfair retained the name "Gordon Dadds".[5] For its financial year 2020, the combined firm reported an 87% increase in revenue, followed by a slowdown in growth in subsequent years.[18] On 13 March 2022, the firm's IT team shut down its servers after detecting a cyber attack;[19] in April, it was granted an injunction to deter hackers from leaking its data online.[20]

Notable lawyersEdit

ReferencesEdit

  1. ^ "Ince fills managing partner hot-seat". Legal Business. Retrieved 19 June 2022.
  2. ^ "INCE Group PLC". Financial Times – Equities. Retrieved 30 June 2022.
  3. ^ "Company Information – Business Descripton". The Ince Group plc. Retrieved 30 June 2022.
  4. ^ a b "Ince rebrands six months into merger". The Global Legal Post. 3 June 2019. Retrieved 30 June 2022.
  5. ^ a b c d "Ince Gordon Dadds – What The Lawyer Says". The Lawyer. Retrieved 30 June 2022.
  6. ^ The Ince Group plc, Annual Report and Financial Statements 2021, pp. 4–5. Retrieved 2022-07-01.
  7. ^ "Board of Directors". The Ince Group plc. Retrieved 1 July 2022.
  8. ^ "Dadds plans expansion after listing". The Times. 5 August 2017 – via Gale OneFile.
  9. ^ Ames, Jonathan (20 July 2017). "Gordon Dadds will be second law firm to float in London". The Times. Retrieved 1 July 2022.
  10. ^ Lynch, Russell (10 October 2018). "A flight to floats: Which legal eagles will be next to join Britain's trend of lawyer listings?". The Evening Standard. London. Retrieved 1 July 2022.
  11. ^ Hyde, John (24 January 2018). "Bristol firm acquired a week after it rescued collapsed neighbour". The Law Society Gazette. Retrieved 1 July 2022.
  12. ^ Hyde, John (25 July 2019). "Gordon Dadds profits soar - but owners swallow £14m Ince acquisition hit". The Law Society Gazette. Retrieved 29 June 2022.
  13. ^ Baker, Tom (15 March 2019). "DWF becomes UK's largest listed law firm as it completes £95m IPO". Legal Business. Retrieved 2 July 2022.
  14. ^ McNicol, Hamish (29 October 2018). "Gordon Dadds to become largest listed firm with £43m acquisition of Ince". Legal Business. Retrieved 1 July 2022.
  15. ^ a b c Gangcuangco, Terry (31 October 2018). "Insurance law firms in £34 million mega merger". Insurance Business Magazine. Retrieved 1 July 2022.
  16. ^ Hilborne, Nick (14 December 2021). "Ince launches 'most wide-ranging' private wealth offering". Legal Futures. Retrieved 1 July 2022.
  17. ^ Booth, James (29 October 2018). "Listed challenger law firm Gordon Dadds swallows 150-year-old City firm Ince & Co". City AM. Retrieved 1 July 2022.
  18. ^ Baker, Tom (24 May 2022). "Cyber attack and Ukraine invasion blamed as Ince sees revenue slump 3%". Legal Business. Retrieved 2 July 2022.
  19. ^ Cahill, Helen (11 April 2022). "City firms warned to prepare for cyber attacks; The recent hacking of law firm Ince Group's systems has highlighted the need for companies to be alert to the risks". The Daily Telegraph. Retrieved 2 July 2022.
  20. ^ Rose, Neil (5 April 2022). "Ince Group granted injunction after ransomware attack". Legal Futures. Retrieved 2 July 2022.
  21. ^ Rocker, Simon (18 May 2018). "The making of Marie". The Jewish Chronicle. Retrieved 2 July 2022 – via PressReader.
  22. ^ Nair, Ajay (6 July 2018). "'Speedo diplomacy': Who is Lewis Pugh?". Sky News. Retrieved 2 July 2022.
  23. ^ Shute, Joe (1 September 2018). "Jellyfish stings, plastic waste and ferocious storms: Lewis Pugh on swimming the length of the English Channel". The Telegraph. Retrieved 2 July 2022.
  24. ^ Nair, Krishnan (24 August 2018). "Keystone adds Ince competition head and ex-Addleshaws Qatar chief in 10-strong series of hires". Law.com (International ed.). Retrieved 2 July 2022.

External linksEdit