Insurance risk and commercial law firm, BLM has replaced its three year £20m funding package with a new deal, exclusively with HSBC UK. The renewal will support the firm as it progresses its long term growth ambitions.
BLM is headquartered in Manchester and operates in a further 12 locations throughout the UK and Ireland, as well as globally via its international network, Global Insurance Law Connect. The eight-figure funding facility will empower BLM to continue providing top class leading legal services to its blue chip clients across its insurance and commercial divisions.
The funding package will also support the continued development of BLM’s digital first strategy and further its investment in innovative products and services for its growing list of clients. Remaining resilient throughout the Covid-19 pandemic, BLM has embraced agile and remote working to deliver productivity improvements.
Vivienne Williams, Managing Partner at BLM, said: “We’re delighted with the support HSBC UK has given us over the last three years and are pleased they have endorsed the business with a new three year funding facility. This support will underpin BLM’s continued investment in client services and help us achieve our future long-term growth ambitions.”
Natalie O’Byrne, Relationship Director, City of London Corporate Banking, HSBC UK added: “HSBC UK is pleased to provide a funding package to assist BLM to achieve its strategic objectives and to support the firm as it focuses on future growth and the sustainability agenda of moving completely paperless through the use of technology, whilst investing in solutions to support its growing portfolio of clients. BLM has quickly adapted to the challenging landscape presented by Covid-19 and has continued to strengthen its financial position during these uncertain times.”
BLM has a deep-rooted presence in the general insurance sector, the London Market and amongst brokers. The firm has a significant presence among corporate businesses many of whom are multi-national, the public sector and the health and care industry. BLM was named one of the best law firms in 2020 and again for 2021 by The Times.