Acquisition marries long-standing legal expertise in investment management with array of regulatory compliance offerings
Borden Ladner Gervais has announced a deal to bolster its ability to provide regulatory compliance services to clients.
BLG has acquired AUM Law Professional Corporation (AUM Law), a Canadian law firm that serves the asset management industry with legal and regulatory compliance advice.
With the transaction, BLG has complemented its deep expertise and long-standing counsel in the investment management industry with AUM Law’s fixed-fee regulatory compliance offerings. The upshot for clients is “an efficient, innovative approach” to help manage a wide raft of legal and regulatory compliance obligations.
“Our clients rely on us to stay ahead of change and help them navigate the complex business landscape,” John Murphy, BLG’s National Managing Partner and CEO, said in a statement. “This acquisition, which is the first of note in our sector in several years, is evidence of our commitment to embrace innovation to transform the practice of law and bring new services to our clients as quickly as possible.”
Through its investment in AUM Law, BLG will be able to expand and automate its regulatory compliance services to clients across Canada. Launched in 2009 – in time with the Canadian Securities Administrators’ (CSA) introduction and roll-out of the cross-Canada registration regime – AUM Law has established a systematic, predictable approach to regulatory compliance and general counsel requirements, as well as one-off fixed fee services and modules.
“Since inception, we have developed strong client relationships while developing our model to proactively support our clients with managing risk and compliance in a rapidly changing environment,” said AUM Law President Kevin Cohen. “This is an opportunity to expand our platform across Canada and bring our alternative legal services model to new clients as part of BLG, attract the finest talent to our team, and leverage BLG's investment in technology to further enhance the client experience.”
