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CMS considers dropping branding as it homes in on US deal

I was surprised by the claim ('Whoops' above) that Camerons' PEP was "nowhere near that of 3-4 years ago" because, while lots of firms have suffered since 2008, my understanding was that it's breadth of practice and strength in insolvency/litigation meant that it had done rather better than most of late. So I looked up the figures. PEP for 2008/9 was £554K, compared with £632 now. So by 'nowhere near' are we supposed to understand '14% higher'? - which is sort of OK for a period of low interest rates, low inflation and financial instability. Perhaps there are more exciting firms out there, perhaps there are more successful and better managed firms. Who can say, given so much written about law firm management is hype and speculation? But the evidence seems to be that, in a difficult market, Camerons are far from the worst outfit. Isn't it time that the small clique of embittered people who seem to follow every story about the firm with a stream of ill-considered invective got on with the rest of their lives?

2-Aug-2012

2:19 pm