CMS aims for Euro corporate synergy

The French arm of the CMS alliance, CMS Bureau Francis Lefebvre, has merged its corporate departments into a single team in order to capitalise on its relationships with international partners CMS Cameron McKenna in the UK and CMS Hasche Sigle in Germany.

Francis Lefebvre is linking up its M&A, leveraged buyout and private equity teams into one 40-lawyer department based in Paris. Partner Philippe Rosenpick is charged with developing and building the team both in France and internationally.

Rosenpick said: “The first objective is to be more present in our domestic market. The second objective is the possibility to deal with more transactions internationally, which means we must have more people.”

He added that Francis Lefebvre is hoping the team merger will help it work more closely with its alliance partners, particularly in the UK and Germany.

Rosenpick said Francis Lefebvre will be attempting to grow the department from its current size of 40 lawyers, which includes six partners, through recruitment. He said US and UK firms would be particular targets.

Last year Francis Lefebvre was ranked thirteenth by volume in French M&A league tables produced by Mergermarket, behind French firms such as Bredin Prat, Darrois Villey Maillot Brochier and Gide Loyrette Nouel, and Anglo-Saxon firms such as Clifford Chance, Latham & Watkins and Linklaters. The firm advised on 19 deals worth a total of e10.3bn (£7.15bn).

The development sees Francis Lefebvre moving away from its traditional speciality of tax law, although that still accounts for 50 per cent of the firm’s turnover.