BLM and Clyde & Co to merge

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BLM and Clyde & Co LLP have announced that they will merge this summer. Following votes by their respective partnerships, the global firm Clyde & Co and BLM will have a total headcount of more than 5,000 with offices in 60 cities globally. Last week we reported on the possibility of this merger going ahead.

BLM is an insurance risk and commercial law firm with a domestic and international focus, while Clyde & Co is a sector-focused global law firm that advises on a full range of contentious, non-contentious and transactional matters.

BLM is a UK and Ireland law firm so this merger would see the firm become part of Clyde & Co’s global insurance practice. According to Clyde & Co: “The majority of its lawyers will join its Casualty insurance practice, with other sizable groups joining professional liability, healthcare and business advisory teams.”

Both firms have a strong position in the insurance sector; according to Clyde & Co’s website, the firm has “dedicated corporate, commercial and regulatory insurance teams working across the globe who advise clients at every stage of their development”.

This merger is predicted to make an annual turnover of around £735 million, which would make it the 12th largest firm in the UK.

Clyde & Co senior partner Carolena Gordon said: “At Clyde & Co, we are always focused on growing and developing our offering for the good of our clients and our people, and this merger does exactly that. BLM has highly talented people and outstanding client relationships, and we are excited by the potential of this combination”.  

BLM senior partner Matthew Harrington commented that the firm is looking forward to merging with Clyde & Co. He said: “Combining our expertise will strengthen our market offering in the UK casualty, healthcare, and professional liability space, with true operational excellence and the agility to respond rapidly to the changing needs of the market.”