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Clyde & Co eyes up merger with law firm BLM

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Shares in Frenkel Topping slumped more than 5.6 per cent after it warned that earnings are trading behind management's expectations.
Shares in Frenkel Topping slumped more than 5.6 per cent after it warned that earnings are trading behind management's expectations.

Clyde & Co is reportedly in discussions with its smaller rival BLM about a merger between the two law firms, according to reports.

The talks between the firms are still in the initial stages, according to Rollonfriday, a British legal news website, which first reported the development.

With a turnover at Clyde of almost £640m in 2021, and £96m at BLM, a merger between the two could lead to the creation of a company with revenue of over £730m.

A Clyde & Co spokesperson said in response to the rumours: “We are a firm that has a track record of growth and of continually developing our capabilities for the benefit of our clients.”

“At any time we are in discussion with a number of firms, teams or individual lawyers and it is our practice not to comment on these until they near or reach conclusion,” the spokesperson added.