Each corporations tight-lipped on rumours
Worldwide legislation agency Clyde & Co and insurance coverage heavyweight BLM are reportedly discussing a potential merger — however each outfits have up to now declined to touch upon the rumours particularly.
The potential deal would create a mixed agency boasting round 3,300 authorized professionals, together with companions, and annual revenues of £735 million.
The Authorized Cheek Companies Most Record 2022 reveals Clydes is the larger of the corporations by far, providing round 45 coaching contracts annually in comparison with BLM’s 25. Each outfits chalked-up an A for coaching in our newest Trainee and Junior Lawyer Survey.
The discussions are “underway” however nonetheless at an “early stage”, RollOnFriday stories.
A spokesperson for Clydes stated:
“We are a firm that has a track record of growth and of continually developing our capabilities for the benefit of our clients. At any time we are in discussion with a number of firms, teams or individual lawyers and it is our practice not to comment on these until they near or reach conclusion.”
In the meantime, a BLM spokesperson commented: “We are regularly looking at opportunities to further our growth ambitions and often attract parties interested in best utilising our strong market position. At any one time therefore, we may be assessing a number of these opportunities be they acquisition, strategic hire, merger or investment proposition. In a consolidating market now is no different but we will not take any such opportunities forward unless they help us to progress our vision and are in the best interests of our people, the firm and clients.”