Record results for law firm after double merger
RISK and insurance law business BLM has reported record financial results with turnover hitting £104.1m and profits of £18.3m.
BLM also grew its headcount by 35% to 1,650. It acts for 12 of the top 15 UK insurers, is established in the London market and has relationships with brokers across the country.
Over the last 18 months BLM has combined with two other law firms – HBM Sayers in Scotland and Campbell Fitzpatrick Solicitors in Ireland, giving the business a true presence and reach across the whole of the UK and Ireland.
The firm has attempted to prove its diversity credentials and has strong female representation throughout the business. At the close of its financial year, 63% of its lawyers were female while 83% of partnership promotions in 2015 were for women.
Henry Kirkup, partner and head of BLM’s Leeds office said: “The growth, expansion and development of the firm aren’t just reflected in an increase in turnover and profits.
“They are reflected in the new business we secure, the nature of the work we are handling and the talent we continue to attract, not just from the legal market but from the insurance market too.
“We have a goal to become one of the leading global risk and insurance law businesses by 2020 and we’re confident we can do that if we continue to on our current path.”
