CMS CAMERON MCKENNA
INTERNAL PROMOTIONS
| Overall |
2004-05 |
2005-06 |
2006-07 |
| |
7 |
6 |
3 |
2006-07: Commercial 2, finance 1
2005-06: Commercial 2, corporate 3, finance 1
2004-05: Commercial 2, energy/projects 2, insurance/reinsurance 1, real estate 2
LATERALS
| Overall |
2004 |
2005 |
2006 |
| |
0 |
3 |
4 |
2006-07: Corporate 3, finance 1
2005-06: Corporate 2, finance 1
2004-05: 0
Intake as percentage of partnership: 5.3
New female partners as percentage of intake: 28.6
Firms recruited from: Hayhurst Robinson, Howrey, Taylor Wessing, Winston & Strawn
Equity structure: 131 equity partners (a salaried tier will not be introduced until the 2007-08 fiscal year)
Practice area(s) most heavily promoted: Commercial
*Figures supplied relate to the calendar year
2006-07 was not the best year for CMS Cameron McKenna’s associates. Only three were promoted into the partnership and only one of them was in London.
But London’s loss was a gain for Central and Eastern Europe, an area of focus for the firm. The Warsaw and Budapest offices received one associate promotion apiece. The firm’s merger with Romanian firm Hayhurst Robinson in January 2006 also gifted Camerons 50 lawyers.
As a further blow, associates will no longer be promoted directly into the equity, but into a salaried tier, which the firm is reintroducing to gain some financial flexibility. Meanwhile, seven partners departed in 2006-07, two more than the preceding three-year average.
The firm has shunned corporate this past year to concentrate on hiring and promoting partners in banking and finance as well as commercial areas such as IP and pensions.
