Business

Clyde & Co and BLM agree merger

Law firm Clyde & Co has agreed a merger with insurance specialist BLM, which has offices in Belfast and Derry

GLOBAL law firm Clyde & Co and UK-headquartered insurance specialist BLM will merge this summer after partners of both firms voted in favour of a deal.

The new company will retain the Clyde & Co brand with the merger completing in July.

The combined firm will have annual global revenue of around £730 million and a 5,300 staff headcount at offices in 60 cities worldwide.

BLM, which has offices in Belfast and Derry, is focused on insurance risk and commercial law, with a particular strength in casualty, personal injury, healthcare and professional liability.

Clyde & Co is a global law firm, specialising in the sectors that underpin global trade and commercial activity, namely: insurance, infrastructure, aviation, energy, marine, and natural resources.

BLM will become part of Clyde & Co's global insurance practice which provides the highest quality advisory and dispute resolution services to insurers and their clients, including almost every top 20 insurer in the UK, and leading re/insurers globally.

The majority of its lawyers will join its Casualty insurance practice, with other sizeable groups joining professional liability, healthcare and business advisory teams.

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