Biglaw firms across the globe have the urge to merge, and in the wake of the A&O Shearman merger, which joined U.K. firm Allen & Overy and U.S. firm Shearman & Sterling, there’s been a “heightened level” of interest in U.K. and U.S. combinations. In fact, we’re not even a full week into the new year, and a U.K. firm has already announced a tie-up with a U.S. firm.
Earlier this week, Clyde and Co. — a firm that brought in $1,050,434,000 gross revenue in 2023, putting it at No. 8 on the UK Top 50 and No. 63 on the 2024 Global 100 — joined with Texas-based insurance boutique Tillman Batchelor. After having lassoed the firm, Clyde and Co. will now have its first office in the Lone Star State, and seven lawyers in Dallas.
Clyde and Co. isn’t done expanding its footprint in the U.S. yet. The American Lawyer has additional details:
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The timing was right for the combination, [Eileen King Bower, chair of Clyde & Co’s North American board,] said, noting that the firm’s expansion in Dallas plays into the firm’s strategy of growing its team that provides services to insurance clients.
With 19 offices in North America, including 15 in the U.S. and four in Canada, the firm is looking to expand further and is specifically looking at launching offices in Houston and in Washington State, due to client requests, she said.
“Our aim is to really be the No. 1 provider of services to the insurance sector in North America,” she said.
Congratulations to Clyde and Co. on its latest U.S. merger, and best of luck to the firm in its quest to conquer the insurance sector!
Clyde & Co Announces Combination With Dallas Insurance Boutique [American Lawyer]
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.