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.
This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651