Although discussions have since come to nothing, it is understood CMS Cameron McKenna approached Addleshaws for a possible tie-up.
CMS, the global brand of ten member firms, posted profits for 2015/16 of £735m, while Addleshaws saw a profit bump of 5% to pass the £200m mark this year.
Both firms have been repeatedly linked to mergers this year. CMS is currently understood to be in talks with Olswang in a move that would bolster its European IP and technology offering. The firm has had recent merger successes. Its combination with Scottish firm Dundas & Wilson in 2014 led to a boost in revenues of around 8.4%, expanding its energy and financial institutions sectors.
Addleshaws, which currently has four UK offices and a presence in Hong Kong, Singapore, Dubai, Oman and Qatar, has been clear about its goal to achieve £250m turnover by 2017/18. It posted fees of £201.8m for the 2015/16 financial year.
The firm was in talks to combine with Scots firm Maclay Murray & Spens, which were called off in March this year. Addleshaws is currently in discussions with Virginia-based law firm Hunton & Williams.
Both CMS and Addleshaws refused to comment.
This week Legal Business revealed that Addleshaws saw a significant uplift in its revenues with a bump of between £5-10m resulting from a settlement in the long-running Boris Berezovsky litigation.
For the full story on Addleshaw Goddard under John Joyce, read: ‘Welcome to the John Joyce show: Addleshaws’ head aims to push national firm centre stage’