First-mover firms report average turnover growth of 7 per cent for 2011-12 By Margaret Taylor 2 July 2012 15:00 17 December 2015 12:51 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anonymous 2 July 2012 at 09:48 Isn’t the Finance Director of Cameron McKenna leaving soon as well? With their attempt at a US merger, it all sounds like a bit of desperation. Might as well hoist a ‘For Sale’ sign and be done with it. Total missmangement of the Firm over the last 5 years. Reply Link Anonymous 2 July 2012 at 10:47 Well done DWF Wooden spoon Dickie Dees, CMS Cameron McKenna and Nabarro. Reply Link Anon 2 July 2012 at 11:16 Inflation in the UK is, in reality, around the 5% mark so any thing below that is a real terms fall. It would also be interesting to see a geographical break down. I suspect that many of the results above are flattered by overseas expansion. Finally, a big drop in GDP is on the way in Europe and North America. The can can’t be kicked down the road much longer and firms should be getting ready for a collapse in turnover in those regions. Reply Link oops 2 July 2012 at 12:38 As Sterling strengthens agains the Euro, Cameron Mckenna’s fee income (much of which is denominated in Euros) will fall. No wonder they are looking to the US. Reply Link 2+2=5 3 July 2012 at 09:42 Surely post-merger results not shown on either a like for like basis or taking into account combined pre-merger revenues are simply misleading – especially when taking such figures into account in an overall market average where in the market as a whole there isn’t growth – no growth has been created the revenue has just been moved to a new balance sheet. Reply Link Anonymous 3 July 2012 at 11:22 That’s a very good point. What would be really valuable, is for the Lawyer to publish results taking into account inflation. Then we can genuinely judge a firm’s progress within the UK Top 200. Reply Link oops 3 July 2012 at 12:22 Inflation would make Cameron Mckenna’s income rise of 1% become a decrease of 4% then. And goodness knows what the decrease would actually be since 2008! Reply Link Anonymous 3 July 2012 at 14:16 Ooops, As a measure, inflation would mean that Dickinson Dees’s finances have dropped a whopping 32% in 5 years. It’s a bit of a rough and ready calculation, but in 2007-2008 DD posted turnover of £60m. An online inflation calculator shows that would be £67.8m today. This year they’ve posted £45.8m, so over 32% less than 5 years ago. It would be interesting to know if that is better / worse than other firms. Reply Link Fur coat...... 3 July 2012 at 22:32 but what cost the lateral hires who have assisted with the growth in turnover? Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.