The Major International peer group made its LB100 debut last year and there’s no doubt that it was a timely introduction.
Comprised entirely of firms eschewing full financial integration in favour of looser Swiss Verein-type structures, the players included under this banner have continued to blaze a trail with their entrepreneurial approaches to law firm growth.
CMS, which includes former Major City firm CMS Cameron McKenna, is a new addition to the table following its milestone decision to report its financials on a firmwide rather than country-by-country basis. The group employs the European Economic Interest Grouping (EEIG) model favoured by PwC. As other City firms announce their intention to secure ambitious international mergers, it seems a prudent bet that this table will swell further as the Verein model continues to be used as a preferred route to expansion.
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