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March 29, 2022

Clyde & Co to bolster insurance capabilities via BLM deal

Law firm Clyde & Co has announced a merger with UK-based BLM to bolster capabilities in the insurance space. 

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
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BLM is focused on insurance risk and commercial law with a specialisation in casualty, personal injury, healthcare and professional liability.

By July 2022, BLM will become part of Clyde & Co’s global insurance arm, which provides advisory and dispute resolution services to insurance firms and their clients.

Most BLM’s lawyers will join Clyde & Co’s casualty insurance practice, while others will be accommodated in professional liability, healthcare, and business advisory teams.

The combined entity will be known as Clyde & Co and is expected to generate revenue of more than £700m per annum, with a headcount of over 5,000. 

Clyde & Co partner and chair of its global insurance practice group James Cooper said: “We have long sought to increase the scale of our UK casualty insurance practice through a merger so we can provide the full scope of services, technology, data analytics and innovation that clients in this dynamic part of the market require.

“This combination will also boost our regional UK presence and strengthen our healthcare and professional liability offerings too.” 

BLM senior partner Matthew Harrington 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.”

Upon completion, Clyde & Co will offer a wide range of casualty offerings across the UK in areas such as injury, motor claims, disease and damage and recovery among others.

The announcement comes after Clyde & Co launched a platform to speed up the claims process and cut costs.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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