CMS group to pursue US merger as priority

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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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