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Headquarters | London |
---|---|
No. of offices | 21 |
No. of employees | 700 |
Major practice areas | General Practice |
Key people | Donald Brown (Chief Executive) [1] Simon Howard ( Chairman) |
Revenue | ![]() |
Date founded | 1866 |
Dissolved | 2023 |
Website |
www |
Ince & Co was a United Kingdom-based holding company with a core business in legal services, which was listed on the London Stock Exchange. [3] The company also offered complementary services in accounting, financial services, consulting, and pensions advice. [4] It was previously known as Ince Gordon Dadds LLP, following the acquisition of Ince & Co by Gordon Dadds Group LLP, [5] and rebranded as The Ince Group in August 2019. [6]
In 2022, The Ince Group ranked 47th in The Lawyer UK 200 list, with £100.2 million in revenue during the previous year. [6] As of 2021, the firm operated in 9 countries and had 21 offices, and employed over 700 employees worldwide, including support staff. [7] The chief executive officer was Donald Brown, while the non-executive chairman was Simon Howard. [8]
In May 2023, Axiom DWFM purchased the firm out of administration and reverted its name to Ince & Co. In August 2023, the SRA suspended three directors of Axiom Ince — Pragnesh Modhwadia, Idnan Liaqat, and Shyam Mistry — amid allegations of a £64m fraud. [9]. On 3 October 2023, the Solicitors Regulation Authority intervened to close down Axiom Ince. [10]. The intervention is among the largest and potentially the most expensive in SRA's history. [11].
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. [12] [13] 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". [14] In 2018, Gordon Dadds acquired Metcalfes Solicitors in Bristol. [15]
In early 2019, Gordon Dadds LLP acquired the UK and Chinese businesses of Ince & Co for an estimated £21 million in consideration, [16] 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. [17] [18] Both Gordon Dadds and Ince & Co were well established in the field of insurance law. [19] Gordon Dadds was known for resolving large and complex disputes in the London and international markets, [19] and had a private client and family practice, [20] while Ince & Co was a network of international commercial law firms, [19] specialising in the shipping and insurance sectors, [21] as well as energy and aviation. [6]
Six months into the merger, the firm rebranded the name of most of its legal businesses, including most of its international offices, to "Ince"; [5] only its private client business then in Mayfair retained the name "Gordon Dadds". [6] For its financial year 2020, the combined firm reported an 87% increase in revenue, followed by a slowdown in growth in subsequent years. [22] On 13 March 2022, the firm's IT team shut down its servers after detecting a cyber attack; [23] in April, it was granted an injunction to deter hackers from leaking its data online. [24]
In April 2023, Ince Gordon Dadds filed for administration while Donald Brown reportedly attempted to reclaim the firm. [25] Less than one month later, the firm was purchased by Axiom DWFM and operated under the former name "Ince & Co." [26] All former Ince employees were re-hired. [26]
Donald Brown remains CEO...
![]() | |
Headquarters | London |
---|---|
No. of offices | 21 |
No. of employees | 700 |
Major practice areas | General Practice |
Key people | Donald Brown (Chief Executive) [1] Simon Howard ( Chairman) |
Revenue | ![]() |
Date founded | 1866 |
Dissolved | 2023 |
Website |
www |
Ince & Co was a United Kingdom-based holding company with a core business in legal services, which was listed on the London Stock Exchange. [3] The company also offered complementary services in accounting, financial services, consulting, and pensions advice. [4] It was previously known as Ince Gordon Dadds LLP, following the acquisition of Ince & Co by Gordon Dadds Group LLP, [5] and rebranded as The Ince Group in August 2019. [6]
In 2022, The Ince Group ranked 47th in The Lawyer UK 200 list, with £100.2 million in revenue during the previous year. [6] As of 2021, the firm operated in 9 countries and had 21 offices, and employed over 700 employees worldwide, including support staff. [7] The chief executive officer was Donald Brown, while the non-executive chairman was Simon Howard. [8]
In May 2023, Axiom DWFM purchased the firm out of administration and reverted its name to Ince & Co. In August 2023, the SRA suspended three directors of Axiom Ince — Pragnesh Modhwadia, Idnan Liaqat, and Shyam Mistry — amid allegations of a £64m fraud. [9]. On 3 October 2023, the Solicitors Regulation Authority intervened to close down Axiom Ince. [10]. The intervention is among the largest and potentially the most expensive in SRA's history. [11].
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. [12] [13] 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". [14] In 2018, Gordon Dadds acquired Metcalfes Solicitors in Bristol. [15]
In early 2019, Gordon Dadds LLP acquired the UK and Chinese businesses of Ince & Co for an estimated £21 million in consideration, [16] 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. [17] [18] Both Gordon Dadds and Ince & Co were well established in the field of insurance law. [19] Gordon Dadds was known for resolving large and complex disputes in the London and international markets, [19] and had a private client and family practice, [20] while Ince & Co was a network of international commercial law firms, [19] specialising in the shipping and insurance sectors, [21] as well as energy and aviation. [6]
Six months into the merger, the firm rebranded the name of most of its legal businesses, including most of its international offices, to "Ince"; [5] only its private client business then in Mayfair retained the name "Gordon Dadds". [6] For its financial year 2020, the combined firm reported an 87% increase in revenue, followed by a slowdown in growth in subsequent years. [22] On 13 March 2022, the firm's IT team shut down its servers after detecting a cyber attack; [23] in April, it was granted an injunction to deter hackers from leaking its data online. [24]
In April 2023, Ince Gordon Dadds filed for administration while Donald Brown reportedly attempted to reclaim the firm. [25] Less than one month later, the firm was purchased by Axiom DWFM and operated under the former name "Ince & Co." [26] All former Ince employees were re-hired. [26]
Donald Brown remains CEO...