CMS Cameron McKenna took out a £4.5m bank loan last year to finance a one-off profit payment to the 16 partners that it moved from the equity into the fixed-share ranks in May 2010. The information, contained within Camerons' 2009-10 limited liability partnership (LLP) accounts, further highlights the hit on profitability the firm suffered during the financial crisis.
January 05, 2011 at 11:56 AM
1 minute read
The original version of this story was published on Legalweek
CMS Cameron McKenna took out a £4.5m bank loan last year to finance a one-off profit payment to the 16 partners that it moved from the equity into the fixed-share ranks in May 2010.
The information, contained within Camerons’ 2009-10 limited liability partnership (LLP) accounts, further highlights the hit on profitability the firm suffered during the financial crisis.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Lower Manhattan firm seeks a premises liability litigator (i.e., depositions, SJ motions, and/or trials) with at least 3-6 years of experien...
Join the Mendocino County District Attorney s Office and work in Mendocino County home to redwoods, vineyards and picturesque coastline. ...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
