Camerons sees turnover rise five per cent at half-year stage

CMS Cameron McKenna has posted a 5 per cent increase in revenue after the first six months of the 2009-10 financial year.

Duncan Weston
Duncan Weston

The City firm brought in £100m in fees in the six months to the end of October compared with £95.3m at the same stage last year. That figure was 13 per cent down on the £116m it turned over in 2007-08.

The firm has cited an increase in activity in energy and financial services as the drivers behind its improved performance.

Managing partner Duncan Weston said: “The fundamentals of our business are extremely sound and our three-year strategic review has set a clear direction.

“We’ve had some great new business wins and our sector approach continues to deliver with significant growth in the areas of energy and financial services and we are also benefiting from the pick-up in private equity activity.”

Last month the firm’s partnership agreed to embark on an arrangement with Integreon that could see vast sections of its back office support function outsourced.