Insurance and commercial risk law firm BLM’s Commercial Advisory & Private Wealth practice achieved over 20 per cent revenue growth for 2020. It comes in a year that saw the team welcome key hires and a wave of major new clients. This has meant a doubling in the size of the Commercial Advisory & Private Wealth practice over the last three years, achieved through organic growth.
Launched by BLM in October 2017, the business stream is one of seven within the firm, and extended its expertise in areas including employment, property, M&A and commercial litigation, also introducing private client, family law and white collar crime specialists to the firm for the first time. In 2020, the team also launched a dedicated sports law offering, overseen by litigation partner David Spencer, a Partner and Head of BLM Sports.
In addition to numerous internal promotions this year, including the appointment of Charlotte Pritchard to Associate and Kendra McKinney to Partner, the team welcomed six new hires. These included the partner appointments of corporate finance specialist Matthew Poli and employment lawyer Julian Cox from iLaw. Andy Herricks also joined the team as an Associate, handling non-contentious corporate and commercial matters, with a focus on IP rights and brand protection.
The hires came as the team grew its focus on SME-specific support, helping smaller organisations access legal advice on matters relating to business formation, financing, brand protection and expansion. Alongside a growth in high net worth individuals accessing its family law and private wealth advice, the Commercial Advisory team has also welcomed major corporations to its client roster this year, including ASDA, Kraft Heinz, Travelodge and Spectrum brands, owners of Russell Hobbs and Black & Decker. The team also acted for a number of FTSE 100 insurers in 2020.
Siri Siriwardene, Head of Commercial Advisory & Private Wealth at BLM said: “In what has undoubtedly been a challenging year for many businesses, our strategy for growth was centred on client responsiveness, flexibility and getting the right people to help our clients. With that in mind, we’ve welcomed new partners, grown the core team, and placed an increased focus on cross-firm collaboration, to help expand and create key services, such as the sports law offering. We ended the year in a strong position to begin our 2021 growth plans, building on the team’s presence in Manchester and London.”
Matthew Harrington, Senior Partner at BLM said: “The Commercial Advisory team has enabled BLM to diversify its existing service offerings and introduce new specialties, and has played an important role in the firm’s overall strategy. In tandem with our continued investment in technology and focus on digital communications and support, our diversification and increased collaboration across service lines remains important, to enable the firm as a whole to adapt to clients’ needs and enhance our future growth.”