CMS PEP dips after accounting change

CMS Cameron McKenna has unveiled its first set of financial results since changing its accounting methods and, as a consequence, has reported what would appear to be a reduction in both revenue and profit per equity partner (PEP). The firm has posted revenues of £163m with PEP hitting £384,000. In 2003-04, turnover stood at £167m, while PEP reached £415,000. First revealed on www. thelawyer.com, 20 June