BLM merger fuels 20% jump in Clyde & Co’s revenue to £788.6m

Source: The Global Legal Post

PEP holds steady at £708k as insurance law giant points to investments and swelling partner ranks.

Clyde & Co grew revenue by an eye-catching 20% in the 2023 financial year to £788.6m, marking the 25th consecutive year the UK firm has increased turnover.

Clydes said 6% of that growth was organic and the rest was fuelled by its merger with UK firm BLM, which went live in July last year and added 600 lawyers and almost £100m in revenue.

Meantime, profit at the firm increased by 6% to £169.2m, while profit per equity partner (PEP) remained at £708k, which Clydes said reflected the significant increase in partners and long-term investments being made into the business…

Read full article: https://www.globallegalpost.com/news/blm-merger-fuels-20-jump-in-clyde-cos-revenue-to-ps7886m-1037705437#:~:text=%C2%A3788.6m-,BLM%20merger%20fuels%2020%25%20jump%20in%20Clyde%20%26%20Co’s,revenue%20to%20%C2%A3788.6m&text=Clyde%20%26%20Co%20grew%20revenue%20by,UK%20firm%20has%20increased%20turnover.