Sixteen partners at CMS Cameron McKenna - 12% of the firm's partnership - have volunteered to leave the equity and take on fixed-share status. The agreements came last week after Camerons last month asked all of its partners to consider taking a fixed rather than flexible share of the firm's equity. The firm said there had not been an explicit target set, but that the number of acceptances meant it would not have to enforce the scheme.Camerons declined to comment on which practice areas the 16 partners come from, but had earlier said it hoped those in less profitable practice groups would sign up. The partners accepting the deal will remain anonymous to the majority of the firm's partnership.
April 14, 2009 at 10:38 AM
1 minute read
The original version of this story was published on Legalweek
Sixteen partners at CMS Cameron McKenna – 12% of the firm’s partnership – have volunteered to leave the equity and take on fixed-share status.
The agreements came last week after Camerons last month asked all of its partners to consider taking a fixed rather than flexible share of the firm’s equity. The firm said there had not been an explicit target set, but that the number of acceptances meant it would not have to enforce the scheme.
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