A raft of City firms including CMS Cameron McKenna, Freshfields Bruckhaus Deringer, Clifford Chance (CC) and Stephenson Harwood have won a record £8bn Ministry of Defence (MoD) private finance project.

The 35-year contract, the largest accommodation PFI contract to date, will see the development of 200 military sites across the south of the UK by a consortium led by construction giant Carillion.