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Camerons U-turns to get City back on growth track
CMS Cameron McKenna has come full circle since the turn of the century. For the top 15 UK firm, which has long held firm in resolutely retaining an all-equity partnership, the announcement last week that it was to introduce a salaried partner role could hardly have been more radical.The creation of a new tier of non-equity UK partners, who will not be able to vote on major strategic decisions, mirrors the firms position seven years ago. At that stage, the firm had salaried partners across its network and a profit per equity partner (PEP) of around £340,000.
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