Partners at Clyde & Co and BLM to vote on merger

Partners at Clyde & Co and BLM will vote on a merger after successful talks between the two law firms.

A spokesperson for international law firm Clyde & Co said it is in discussions about combining with BLM.

“Following detailed discussions and a period of due diligence, BLM and Clyde & Co partners will vote on a proposed merger of the two organisations,” a spokesperson for UK-based insurance specialist BLM explained.

The combined firm would have about 3,300 legal professionals and an annual revenue of more than £700m.

The Clyde & Co spokesperson said the firm has long sought to significantly increase the scale of its casualty insurance practice in the UK, and believes merging with BLM is the best way to achieve this.

“BLM is a firm we have long admired and we believe a merger can be formed on the basis of our complementary client rosters and our shared focus on quality,” they said.

BLM said the strategic and commercial compatibility of the two firms is “undeniable”.

“We are both dominant in risk and insurance, and our respective businesses complement each other. While Clyde & Co is a global business, we both have an extremely strong presence in the insurance sector in the UK and Ireland. Clyde & Co also boasts a strong offering in business and advisory services,” said its spokesperson.

More details will be provided as soon as the partner votes take place, they added.