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BLG acquires asset management firm AUM Law

Thursday, May 13, 2021 @ 9:30 AM | By John Chunn

Borden Ladner Gervais LLP (BLG) announced the acquisition of AUM Law Professional Corporation (AUM Law), a Canadian law firm that offers legal and regulatory compliance advice to the asset management industry.

According to BLG’s news release, the transaction combines BLG’s expertise and long-standing counsel in the investment management industry with AUM Law’s fixed-fee regulatory compliance offerings, providing clients with an efficient, innovative approach to help them manage a wide array of legal and regulatory compliance obligations. Financial terms of the transaction were not disclosed.   

“Our clients rely on us to stay ahead of change and help them navigate the complex business landscape,” John Murphy, national managing partner and CEO, BLG, said in the news release. “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.”

BLG’s investment in AUM Law will allow the firm to expand and automate its regulatory compliance services to clients across Canada as part of the BLG Beyond portfolio of alternative legal services. Established in 2009 to coincide with the introduction and rollout by the Canadian Securities Administrators of the new cross-Canada registration regime, AUM Law has developed 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,” Kevin Cohen, president, AUM Law, said in the release. “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. It’s an exciting moment for our firm, our people and our clients.”