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Ince Group saved as law firm Axiom DWFM steps in with rescue deal

  • June 2, 2023
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Ince Group has been acquired out of administration by UK law group Axiom DWFM, which has agreed to buy the insolvent firm’s legal business and associated assets.

But this time around, Ince’s partners will drive the direction of the business.

Ince & Co, as the successor entity will be known, will continue to operate separately from Axiom DWFM and will be managed independently as a separately branded legal services business, Ince said on Friday.

It said the transaction will allow its partner group “to refocus the firm’s growth strategy on its core legal services, whilst also improving operations and support structures”.

Donald Brown, chief executive of Ince & Co, said the acquisition will give “a simple and clear corporate and capital structure under professional, knowledgeable and robust ownership”.

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“We are underpinned by a group of immensely talented lawyers with deep expertise in our key sectors,” he said.

“After taking over the management of the [publicly listed] group, it quickly became apparent that we needed to address a series of poorly structured and executed transactions and expansions.”

Managing partner Jennette Newman said Ince & Co is “committed to reinforcing the firm’s reputation of providing complex legal services to corporate, commercial and high-net-worth clients in our core sectors”.

Axiom DWFM is a full-service legal practice with a network of UK offices. Its managing partner, Pragnesh Modhwadia, who is a practising solicitor, said it has confidence in the Ince & Co business and its lawyers.

“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,” he said.

“We believe we have a great relationship already and a great opportunity together.”

Ince said it

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Law firm Squire Patton Boggs debuts M&A-focused Dublin office

  • May 13, 2023

  • Dublin outpost launches Monday under managing partner Dennis Agnew
  • M&A partner George Kennedy also joining from UK firm Philip Lee
  • Office opens with initial focus on private equity M&A and corporate advisory work

April 28 (Reuters) – Global law firm Squire Patton Boggs on Monday became the latest law firm to set up an office in Dublin, with the Irish capital continuing to attract international law firms to its shores.

The office will initially focus on cross-border M&A, particularly on private equity and corporate advisory work, managing partner of the Dublin outpost Dennis Agnew said in an email.

The 1,500-attorney firm said the office is commencing operations from Upper Mount Street in the city’s central business district Monday with corporate partner George Kennedy joining Agnew in Dublin from UK-firm Philip Lee.

Kennedy has “deep connections” in the corporate finance and investor community in Ireland and will help attract cross-border and Irish M&A matters to Squire Patton Boggs, Agnew said.

The firm in November announced its plans to set up a Dublin office to be led by Agnew, who previously headed up the Dublin M&A practice at international law firm Pinsent Masons.

Squire Patton Boggs’s international private equity clients have expressed an “increasing interest” in acquiring Irish targets in recent years, for which it was collaborating with an Irish law firm, Agnew said.

The firm now plans to handle this work from their Dublin outpost.

“Having the one firm providing strategic joined-up advice makes sense for our clients and networks,” Agnew said.

The firm is “actively” looking to hire lawyers in Dublin to expand its Irish cross-border corporate practice, the firm’s EMEA managing partner Jonathan Jones said in a statement.

The Irish economy has been bolstered in recent years by an “unprecedented wave” of foreign direct investment,

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Law firm Haynes and Boone picks up Dallas deal maker

  • May 12, 2023

May 1 (Reuters) – U.S. law firm Haynes and Boone has hired transactions lawyer Larry Shosid from midsize firm Bell, Nunnally & Martin in its founding city of Dallas, the firm said Monday.

Shosid, who spent 32 years at his former firm, will be a member of Haynes and Boone’s M&A and private equity and real estate practices. The firm said he brings more than three decades of experience ranging from complex M&A and securities offerings to general corporate representations and property and energy deals.

He said he was drawn to Haynes and Boone because of its larger platform.

“I’ll have access to a lot more specialists and in connection with my practice,” Shosid said.

Haynes and Boone has around 650 lawyers in 19 global offices. Bell Nunnally has around 60 lawyers in Dallas.

Taylor Wilson, managing partner of Haynes and Boone, said in a statement that he has worked with Shosid in the past and is excited about his addition to the firm.

Shosid, 61, said most of his clients are coming along with him. His clients have included Dallas-based companies such as tax services and software provider Ryan LLC and information management software developer ISN.

Dallas-based Bell Nunnally’s managing partner, Christopher Trowbridge, said the firm wishes Shosid well.

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Law firm tie-ups continue with Haynes and Boone combination

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N.Y. law firm launches in D.C. with white-collar duo

  • February 23, 2023

(Reuters) – New York law firm Harris St. Laurent & Wechsler expanded to Washington, D.C., on Monday with the hire of two well-known white-collar lawyers.

The firm, which is focused on commercial litigation and white-collar enforcement, brought on Barry Pollack and Addy Schmitt to run its new operation in Washington. Schmitt, who will be managing partner of the office, arrives from law firm Miller & Chevalier, while Pollack joins from Kramer Levin Naftalis & Frankel.

“The D.C. market, like a lot of markets, has been seeing the boutique firms be eaten up by the large firms,” said Jonathan Harris, the managing partner of Harris St. Laurent & Wechsler. “We think we present a really attractive option for clients who are looking for a boutique, and for lawyers who are looking to work at a boutique.”

It’s the first foray outside of New York for the 24-lawyer firm. Attorneys at the firm said D.C. was a natural place to expand given it is home to major regulatory agencies, the U.S. Justice Department and Congress.

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“From a white-collar and regulatory enforcement perspective, D.C. obviously has a lot of action,” Schmitt said.

Pollack and Schmitt launched the new office together on Monday, and the firm is aiming to ultimately have between eight and 10 lawyers based in Washington, Harris said.

Pollack, a prominent trial lawyer whose clients have included Wikileaks founder Julian Assange and former Virginia lieutenant governor Justin Fairfax, said his practice was more suited for a small boutique compared to a large corporate defense firm.

Pollack’s former firm, Washington, D.C.-based Robbins, Russell, Englert, Orseck & Untereiner, merged with Kramer Levin, a large New York-headquartered firm, last year. Pollack said smaller law firms give lawyers more opportunities to go to court to try cases and present

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Law firm Fox Rothschild shakes up top leadership

  • February 22, 2023

(Reuters) – U.S. law firm Fox Rothschild said Monday that Todd Rodriguez, a longterm leader of the firm’s healthcare group, will take over as firmwide managing partner effective April 1.

Rodriguez succeeds Mark Morris, a real estate lawyer who has served as the Philadelphia-founded firm’s managing partner since 2017. Morris will become chair, replacing current chair Mark Silow.

Rodriguez, who has served as co-chair of the firm’s healthcare department since 2008, said Silow and Morris have built a “very healthy and robust firm” with a diversity of people and practice areas, and he views his charge as “continuing that legacy.”

The new leaders step into the roles for three-year terms.

Fox had about 200 lawyers located regionally when Silow became managing partner in 2005 and has since grown to 1,000 lawyers in 29 offices nationally, the firm said.

The firm has expanded over the years in part through a series of mergers with much smaller law firms in different markets. It has also opened new offices in recent years with hires and attorney relocations, including most recently in Boston, Oklahoma City and Kansas City, Missouri.

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Rodriguez declined to share specific details about the firm‘s 2022 financial results. The firm generated $650 million gross revenue in 2021, according to figures reported by The American Lawyer.

He did say that like many of Fox’s peer law firms, the firm is “coming off of two very successful years financially [2020 and 2021], and I recognize that repeating that level of success will be challenging.”

He added that Fox is “uniquely situated to meet that challenge” due to its diversity of client offerings.

Revenues and profits at many large U.S. law firms hit new heights in 2021, due in part to a surge in corporate deal work.

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