CMS group to pursue US merger as priority

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  • Are Camerons and their allies just too big a dinner for the Yanks? Most Americans want something a bit more bitesize

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  • @above - probably, but lets face it, apart from a few key offices (germany etc) most of the network would be considered expendable for the right US partner.

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  • With the Eurozone in tatters, it makes sense to look stateside. But who would look to expand into Europe at the moment? It already has offices in Scotland though, so guess it can't follow that particular national trend right now.

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  • Pie in the sky.

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  • Was Lovells bitesize?

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  • This makes sense, but CMS need to hurry up and fully integrate as a single firm first.

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  • The whole point would be to ally themselves to a substantial US national firm and NOT merge, i.e. to carry on as before. There is some truth in the assertion that CMS is more integrated that Norton Rose. The corporate practice at least does more in the way of know-how transfer and co-ordinated client development than many firms which are regarded as integrated units.
    What they need is a Jones Day or Squire Sanders type firm, spread out all over the US advising mid-cap industry. They can then compare exotic provincial offices. Aberdeen vs. Des Moines. Chemnitz vs. Boulder.

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  • CMS may have a $1bn in revenues, but the profits per partner of some of its partners in Europe, especially the more domestic ones, would frighten a US firm even at the bottom of the AmLaw 100. It can be overcome, but let's be realistic, once the Yanks see the numbers they'll want some serious restructuring. That said, some in Camerons may well leap at the chance to give the CMS network the shakeup it so badly needs.

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  • Let's face it, firms very rarely make this sort of announcement without having done a certain amount of homework. CMS must be fairly confident of it's ability to deliver against this.

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  • One for the Texans? In recent times they have all been linked with Norton Rose. That isn't going to happen now Norton Rose has bulked up.

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  • The talk of different profitability is irrelevant. It won't be a merger. It will be a CMS alliance. The profitability of the different CMS firms varies wildly. It doesn't matter. Just like it doesn't matter if Deacons is more or less profitable than NR, or theCanadian firm.
    It's an alliance model with more caffeine.

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  • In this ever more globalised world, and in a rapidly consolidating legal services market, alliances are as much a hindrance as an advantage.

    The full integration of CMS as a single firm, followed by a proper U.S. merger and accelerated expansion in Asia and South America would create a formidable firm however.

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  • @12.16pm.... probably more like Duane Morris (with offices in Boca Raton, Lake Tahoe, Cherry Hill (?), Wilmington or Newark...) or Greenberg Taurig - their existing European office is sucking and blowing at the same time.

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  • Misleading article. CMS does not operate in a way which requires partner votes. The Exec Committee, composed of two partners per firm, either agree unanimously or an item is dropped. CMS Cameron McKenna is desperate for a US hook-up, but other firms are not so sure. So there has been no decision by CMS (ie a unanimous decision by all members of the Exec) to do it. A long time ago they did agree to monitor options for a US member firm and they are still looking. Bet the "source" is a Camerons bod wanting to push the other firms and is using The Lawyer to do his/her bidding.

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