Maritime and insurance firm Ince & Co has continued to break away from long-standing tradition with the launch of a new consultancy firm.
The international consultancy arm – Ince Consultancy – will offer non-legal services to the shipping, energy, insurance, aviation, trade and real estate industries.
While the new LLP is incorporated in England it is headquartered in the Hamburg office which focuses on the firm’s transactions practice.
The new service comes as Ince & Co adapts its model to provide services outside of the legal sphere and compete against multi-disciplinary firms like accountancy firms.
The consultancy arm will have three core aims: to advise international clients on financial and tax advice and structuring of projects; to introduce clients to third parties and deal origination; and help clients to execute projects.
Ince Consultancy will be led by Hamburg office managing partner Jan Hungar, who is an industrial engineer with specialist legal knowledge of the shipping, insurance, energy and real estate sectors.
Other key members of the team include tax partner and managing director Regina Langholz, partners Daniel Jones, and Tim Schommer, board members Stephen Jarvis and Alan Hodgson, and senior partner Jan Heuvels (pictured).
Heuvels said: ‘The launch of Ince Consultancy is very much in line with our strategy of growing the transactional arm of our business to complement our leading contentious practice. It shows that we have diversified our service lines in order to satisfy our clients’ demands and adapt to ever-changing market conditions.’
Hungar added: ‘Clients across our chosen sectors work with us as advisors, introducers and arrangers with regard to, mergers, co-operations, syndications, investments, financings, sales and acquisitions restructurings and other projects. We have already secured a number of significant instructions and feedback from our clients has been extremely positive.’
The official launch comes within days of the firm confirming it is moving away from its traditional lockstep model and introducing a bonus pool above the top of its equity to reward its highest billers and attract external partner talent.
It comes about a year after firms such as RPC, Eversheds and Addleshaw Goddard launched consulting arms.