Ince switches to LLP in one of last top 50 conversions
Ince & Co is set to convert to a limited liability partnership (LLP) on 1 May, becoming one of the last firms in the UK top 50 to do so.
The move, which comes a decade after firms were first permitted to limit their liability, will see seven of Ince's nine offices included in the LLP. Hong Kong and Paris will be excluded for the time being.
Once Ince converts, Slaughter and May, Osborne Clarke, Stephenson Harwood and Shoosmiths will be the only top 50 firms yet to adopt LLP status. All four confirmed they have no plans to change.
Ince insurance and reinsurance partner and former senior partner Peter Rogan said: "Converting to an LLP is something that we've been thinking about for a while. In recent years we have found that there is an expectation to move into a more modern structure, and it is more attractive to clients and lateral hires, as well as helping to ensure greater cohesion between partners across all of our offices around the world.
"There are still a couple of jurisdictions that do not recognise LLPs, but we will bring them into the structure as and when possible."
Simmons & Simmons was the most recent firm to convert to an LLP, in November last year, when it became the final firm in the UK top 20 other than Slaughters to convert.
By Suzi Ring