Turnover tops £100m at BLM

Risk and insurance law business BLM has revealed its financial results, with turnover hitting £104.1m and profit standing at £18.3m, in its latest year-end results to 31 March 2015.

BLM also grew its headcount by 35 per cent to 1,650.

The firm said it 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.

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.”