CMS in UK’s largest legal merger to date
Partners at legal firm CMS UK, which has three offices in Scotland, have joined those at Nabarro and Olswang in backing a plan to combine their firms and create what will be the world’s sixth largest law firm by headcount and sixth largest in the UK by revenue.
The merger, which is due to complete on 1 May 2017, will be the largest merger ever in the UK legal services market.
Nabarro and Olswang will join the CMS UK LLP partnership. The new firm will trade as CMS, and the name of the UK LLP will be CMS Cameron McKenna Nabarro Olswang LLP.
With the addition of Nabarro and Olswang, CMS will have over 1,000 partners and over 7,500 employees across 65 offices in 36 countries around the world, with combined revenues of around £450million in the UK and revenues well in excess of £1billion globally.
Ms Warne said: “This is an important merger for our clients and our people. For our clients we want to be a firm that delivers excellence, industry knowledge, thought leadership, and the exceptional talent that will meet their needs in a complex and changing business environment. And for our people, we want to be a firm that is dynamic, progressive, technologyled, with a good culture supporting diversity and inclusion and all aspects of our colleagues’ careers.”
The merger between CMS, Nabarro and Olswang is being led by CMS’s Ms Warne along with CMS managing partner Stephen Millar and executive partner for global development, Duncan Weston. These three recently worked together to deliver CMS’s takeover of Scotland’s Dundas and Wilson.