The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
CMS Cameron McKenna has revealed a 1 per cent revenue increase for the 2011-12 financial year, posting an increase from last year’s figure of £225m to £227.6m.
Across the entire CMS network, meanwhile, turnover was up 3.9 per cent in euro terms, from €767.9 (£658.7m) last year to €797.5m (£692.1m). According to a spokesperson for the CMS network, distributable profits are up 8.2 per cent on 2010-11, putting the growth down to an extended market presence with the addition of Lisbon, Luxembourg and Tirana.
Camerons did not release a firm-specific profit figure. Nobody at the firm was available to talk about the figures, although a statement released by the firm said that all practice areas made strong contributions over the year, in particular energy, life sciences, retail, financial services and TMT.
Cornelius Brandi, executive chairman of the CMS network, said the “consolidating results” had been delivered “in the face of extremely challenging market conditions”.
Brandi said: “During 2011, we made over 130 multijurisdictional pitches, each involving an average of six countries. Our win rate of over 60 per cent shows clearly how well positioned we are to capitalise on client need for coordinated cross-border advice.”
The CMS network has 52 offices worldwide including Rio de Janeiro, Moscow, Beijing, Shanghai, Casablanca and Algeria.
Camerons has 13 offices, in locations including Aberdeen, Budapest, Prague and Warsaw, and two bases in London.