Clyde & Co slims global board after review as it launches data lab with UCL

Clyde & Co has reduced the size of its global board, following a firm-wide governance review.

The firm has cut the number of members on its board from 12 to nine, after holding elections on 1 November.

Three partners have been added to the board, while six have stepped down.

Saudi Arabia head of projects and construction Ben Cowling, New York litigation partner Michael Knoerzer and Hong Kong insurance partner Mun Yeow, were all elected last month to join the board.

They join the existing board members: senior partner Simon Konsta, insurance partner Dean Carrigan, global head of Clydes’ projects and construction group John Morris, marine partner Andrew Nicholas, litigation partner Andrew Preston, and Clydes Middle East and North Africa head Jonathan Silver.

The six partners stepping down are China-based shipping partner Ik Wei Chong, London co-chair of the firm’s global arbitration group Benjamin Knowles, Canada litigation partner Carolena Gordon, New York insurance partner Daren McNally, managing partner of Clyde & Co Clasis Singapore Michael Parker, and London aviation partner David Willcox.

Clydes has also launched an in-house data lab in partnership with University College London (UCL) to develop services using data held by the firm.

The lab will be staffed by Clydes legal and data science staff and students from UCL’s computer science department. Initial work has focused on predicting fraudulent insurance claims, the likelihood of disputes going to trial or to settlement, and litigation outcomes.

Insurance partner Mark Wing, who is leading the project alongside the firm’s innovation board, said: “A large part of the value that law firms provide to their clients is the knowledge and expertise of their lawyers. As a global firm we have heaps of knowledge, but the question we always challenge ourselves with is how we harness it as quickly and efficiently as we can for our clients.”

Earlier this year, Clydes launched Clyde Code, a blockchain and smart contract consultancy for its global insurance clients, in association with UK technology consultancy Team Blockchain.