UK law firm Ince & Co has won a reprieve. The famous brand in maritime law became insolvent last month after losing the support of a major creditor, but has now been taken over by another British law outfit, Axiom DWFM, which has decided to keep the Ince name and to run it as a standalone business.
The financially troubled London-listed Ince, whose shares have been suspended since the start of this year, appointed administrators last month and urgently sought buyers to take it over.
Ince, which has a history dating back 150 years, was once London’s largest listed law firm. Formerly known as Gordon Dadds Group, it has over 700 employees worldwide.
