Sedgwick LLP is No More

In May 2017, the American Lawyer reported income of $170.5 million for Sedgwick and a staff of 274 lawyers. However the firm had lost dozens of major partners this year. Therefore, income was down 20%.


“We have concluded that the best way to allow our lawyers to continue providing great service to our clients is by ceasing operations and moving to other excellent law firms,” said the firm in a statement. “We are pleased that most of our lawyers and staff have opportunities with very fine firms.”

Clyde & Co may be hiring from Sedgwick. It is thought that representatives of the British firm will be meeting with Sedgwick in the coming weeks to assess which of the firm’s lawyers and staff it will hire. A source has stated that some Sedgwick employees could be out of a job as early as Dec. 1st.

Some of the partners who've already left have found new homes, at Kennedys and its maritime and insurance law practice in Bermuda, for instance.

The number of lawyers at Sedgwick had dwindled continuously from 274 attorneys at the end of 2016 to 160 before the closure was announced.

In its statement, Sedgwick expressed pride in its lawyers and staffers, past and present.
 

“While this news deeply saddens all of us, we are very proud and appreciative of all those who helped make Sedgwick the great firm it has been since 1933,” the firm said. “From the bottom of our hearts, we thank our clients, attorneys and staff for everything you have done for us for decades, and we wish anyone who has ever crossed paths with this wonderful law firm the best and brightest future.”