Clyde & Co and BLM are to merge, following a vote in favour by partners at both firms. Scheduled to go live in July 2022, the new entity will be known as Clyde & Co, and will have a global revenue of over £700m a year, 5,000 staff and offices in 60 cities.
Following the merger, the firm will offer a broad casualty insurance offering across its UK offices in catastrophic injury, disease, employers' and public liability, abuse and neglect, fraud, motor claims, and property damage and recovery.
A costs team, forensic accountants, investigators, and an in-house safety health and environmental regulatory team will support full coverage across civil and criminal matters.
Carolena Gordon, Clyde & Co’s senior partner, said: “We are delighted the merger has secured approval from both sets of partners. 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.”
Matthew Harrington, BLM senior partner, added: “We are looking forward to the opportunities combining both firms will bring for our people and our clients. This merger is one of aligned approaches and values, offering huge benefits to our clients in the areas that matter most. 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.”
Clyde & Co’s merger with BLM would be its biggest combination in terms of revenue and headcount since it merged with Barlow Lyde & Gilbert in November 2011, at the time the largest ever merger of two UK law firms.
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