Turnover tops £100m at finance lawyers BLM

BLM, which has a strong presence in Scotland, also grew its headcount by 35 per cent to 1,650.

The firm, which acts for 12 of the top 15 UK insurers, is firmly established in the London market and has relationships with brokers across the country. The firm also has a significant presence among corporate insurers, the public sector and the healthcare industry.

The firm is passionate about gender equality and has strong female representation throughout the business. At the close of its financial year, 63 per cent of its lawyers were female while 83 per cent of partnership promotions in 2015 were for women.

Over the last 18 months BLM has combined with two other law firms – HBM Sayers in Scotland and Campbell Fitzpatrick Solicitors in Northern Ireland — giving the business a true presence and reach across the whole of the UK and Ireland.

David Taylor, partner and head of BLM’s Scottish operation 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 on our current path.”