CMS Cameron McKenna has become the latest UK firm to announce its partnership promotions with nine UK lawyers being made up in a global round of 31 appointments across the CMS network.
The promotions include a lateral hire in London, with former Allen & Overy counsel Tim Elliott promoted to partner in the firm’s international finance team.
Other promotions in the UK include that of head of regulatory Shuna Mason, who specialises in the regulation of life sciences and consumer products; regulatory lawyer Anna Crew; finance lawyer Emma Riddle; corporate lawyers Danielle Heath, Dipesh Santilale and Martin Treagus; and energy projects and construction lawyers Andy Shaw, Adrian Bell and Philip Duffield.
Across the international CMS network, there are a further 22 partner promotions in key sectors and practices such as energy, IP and real estate.
The promotions span 11 offices, with six partners appointed in Germany, three appointed in Poland and three made up in France. Other promotions are made in Spain, Austria, Hungary, Ukraine, Belgium and Switzerland.
The promotions are on a par with 2012 when 34 were promoted across the network with eight in London (4 April 2012).
Partners at the firm put an extra £7.7m into the business in 2011/12, the firm’s LLP accounts revealed earlier this year (21 January 2013). The £7.7m capital introduced by members compares to just £800,000 in 2010/11.
However, CMS saw the amount owed to creditors drop in that same period. In particular, the amount of bank overdrafts and loans due shrunk from more than £17m to £5m over the 12 months.
The firm’s UK turnover showed a one per cent rise to £227.6m from £225.1m the previous year.
In the same period, the firm increased the number of fee-earners by 74 – from 830 to 904 – while reducing the number of support staff from 573 to 475. The changes in staff levels resulted in a reduction of costs, down from £76.6m in 2010/11 to £72.7m for 2011/12.
Last week Ashurst, Norton Rose and Herbert Smith Freehills (HSF) all announced their global partner promotions rounds for 2013. All three UK-headquartered firms expanded overseas through international tie-ups last year.