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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.