The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Partners at CMS Cameron McKenna have been asked to contribute an extra £1,000 per equity point as part of a capital increase approved at last month’s partner meeting.
The cash call is expected to raise some £5m, assuming a median average of 50 points for each of the 102 partners.
In a statement, the firm said: “In November 2007, the partners voted to increase the level of permanent capital to be drawn down in two instalments - one in early 2008 and the balance at a later date. Partners agreed to this second instalment being called now as the appropriate time in terms of managing our balance sheet.
“As there’s a small increase in the amount agreed to in 2007 a vote was necessary. This was approved by the partnership last week and brings our capital contributions in line with our peers.”