News in brief – April 2017

News in brief – April 2017

300 JOBS CUT AHEAD OF CMS MERGER

Approximately 300 support staff roles are to be cut at CMS Cameron McKenna, Olswang and Nabarro ahead of their triple merger next month. The firms ran a redundancy consultation from January to March, with 650 of the 950 support staff offered roles in the combined firm.

 

Continue reading “News in brief – April 2017”

Nabarro posts perfect score as Camerons drags three-way trainee retention rate down to 84%

Nabarro posts perfect score as Camerons drags three-way trainee retention rate down to 84%

Trainees at Nabarro and Olswang certainly seem set on the prospect of a three way merger with CMS Cameron McKenna, with 100% and 88% respectively from the two firms accepting offers as newly qualified (NQ) solicitors. Continue reading “Nabarro posts perfect score as Camerons drags three-way trainee retention rate down to 84%”

Consolidation: CMS Olswang and Nabarro to cut roughly a third of support staff jobs ahead of merger

Consolidation: CMS Olswang and Nabarro to cut roughly a third of support staff jobs ahead of merger

As the firms prepare for their three way merger, 300 support staff roles at CMS Cameron McKenna, Olswang and Nabarro are set to be cut following a redundancy consultation. Continue reading “Consolidation: CMS Olswang and Nabarro to cut roughly a third of support staff jobs ahead of merger”

Digesting a merger: CMS absorbs Olswang’s Spanish and Belgian operations as Paris and Munich status remains uncertain

Digesting a merger: CMS absorbs Olswang’s Spanish and Belgian operations as Paris and Munich status remains uncertain

After considerable speculation over the fate of international partners post-merger, CMS Cameron McKenna has confirmed a number of lawyers in the European offices of Olswang and Nabarro will be joining its network on 1 May, while the fate of Olswang’s remaining lawyers in Paris remains uncertain.

Continue reading “Digesting a merger: CMS absorbs Olswang’s Spanish and Belgian operations as Paris and Munich status remains uncertain”

Comment: There’s value in CMS’ purchase and one big hurdle ahead

Comment: There’s value in CMS’ purchase and one big hurdle ahead

In the wake of the eye-catching tie-up of CMS Cameron McKenna, Nabarro and Olswang, Legal Business noted last year that the gnomic messages around the union made it a hard one to judge. And even after a detailed assessment of the largest UK legal merger ever, as we undertake for this month’s cover feature, it’s not easy to put the pieces together. Continue reading “Comment: There’s value in CMS’ purchase and one big hurdle ahead”

Sale of the century – Has Camerons picked up a bargain with Olswang and Nabarro?

Sale of the century – Has Camerons picked up a bargain with Olswang and Nabarro?

Amid a turbulent market, the three-way union of Camerons, Nabarro and Olswang has forged a UK giant. Has Camerons picked up a bargain or will there be buyer’s remorse?

September 1988. Twenty fresh-faced trainees are preparing for their first day at Nabarro Nathanson. Among the recruits are Iain Newman, Paul Stevens and Duncan Weston. Not only will the trio go on to have prominent careers in City law and remain on good terms, but more than 25 years later they would kickstart the UK’s largest-ever legal merger. Continue reading “Sale of the century – Has Camerons picked up a bargain with Olswang and Nabarro?”

LLP latest: Camerons unveils £11m profits dip ahead of merger while Mayer Brown sees City member profits fall

LLP latest: Camerons unveils £11m profits dip ahead of merger while Mayer Brown sees City member profits fall

CMS Cameron McKenna has seen turnover increase but profitability fall for its offices under the UK LLP, according to the firm’s latest filings with Companies House.

Continue reading “LLP latest: Camerons unveils £11m profits dip ahead of merger while Mayer Brown sees City member profits fall”

‘A competitive auction’: Clifford Chance and CMS advise as consortium buys majority of National Grid

‘A competitive auction’: Clifford Chance and CMS advise as consortium buys majority of National Grid

Clifford Chance, CMS Cameron McKenna, Linklaters and Eversheds have advised as National Grid has agreed the sale of its gas pipe network with an enterprise value of approximately £13.8bn to a consortium of bidders. Continue reading “‘A competitive auction’: Clifford Chance and CMS advise as consortium buys majority of National Grid”