Clyde & Co seals tie-up with prominent Canadian insurance firm <a href="http://www.clydeco.com/attachments/unpublished/58854/NPM%20Press%20Release%20English.pdf" target="blank">Nicholl Paskell-Mede.</a>
International law firm Clyde & Co is pleased to announce the launch of two new offices in Canada through a merger with leading Canadian insurance firm Nicholl Paskell-Mede ("NPM").
NPM's 40-strong team, including 15 partners, will join Clyde & Co on 1 September 2011.
The deal will provide NPM with access to Clyde & Co's global network of 24 offices with Clyde & Co establishing a base in Canada through NPM's offices in Montreal and Toronto. NPM will also benefit from Clyde & Co's strength in the London and global insurance markets while Clyde & Co will be able to engage with the significant insurance market in Canada.
Clyde & Co partner and board member James Burns, who played a key role in the deal, said: "Canada is an extremely attractive market with a robust and diversified economy. The Canadian insurance market is going from strength to strength and the UK insurance market is building up its presence in Canada. NPM, as a top-rated Canadian insurance firm with existing work for Lloyd's of London syndicates, is a natural fit for Clyde & Co. We are delighted to add Montreal and Toronto to our network of offices, consistent with our strategy of providing a full-service to our clients in our core sectors in key strategic locations."
Mindy Paskell-Mede, partner of NPM said: "The merger signals the growth of NPM into a globally-recognised first-class firm with greater capacity to service our existing clients in more jurisdictions. Clyde & Co is renowned for its global insurance practice, particularly in fast-growing emerging markets.
“The merger with Clyde & Co also provides us with a platform for growth within Canada through incoming international work and expansion into other provinces. This is an exciting development for NPM, our clients and our people." commented Graeme Mew, counsel to NPM’s Toronto office.
Robert Emblem, NPM partner added: "There are many synergies between NPM and Clyde & Co. The insurance industry is increasingly global and the benefits of merging with a top-rated international firm such as Clyde & Co are clear. It's business as usual but with far greater resources for both firms."
NPM was founded in 1992 as a firm specialising in insurance law and professional and civil liability defence work. The firm offers traditional claims-related services, including litigation, arbitration and mediation as well as non-traditional services such as claims monitoring, claims auditing, policy drafting and review, and risk management consulting. NPM also act as defence counsel in other fields of practice including class actions and product liability. Many members of NPM hold both common law and civil law degrees and are English/French bilingual.
NPM has been listed in A.M.Best's Directory of Recommended Insurance Attorneys and Adjusters as a recommended insurance firm and has been consistently listed as one of the leading firms in commercial insurance litigation and professional liability practice areas by The Canadian Legal LEXPERT® Directory.
LEXPERT has recognised partners of NPM as amongst the most recommended practitioners in international arbitration and numerous areas of litigation including commercial insurance litigation, professional liability, construction law and personal injury. NPM's partners are also listed in the prestigious LEXPERT ® / American Lawyer Media Guide to the Top 500 Lawyers in Canada in the fields of class action litigation, D&O liability, insurance law, legal malpractice law and international arbitration.
A number of NPM's lawyers are also ranked by Best Lawyers in Canada in insurance, international arbitration, D&O liability, class action litigation, and professional liability defence.
*To view the NPM press release, please click here.