CMS (law firm)
|Headquarters||78 Cannon Street|
|No. of offices||74|
|No. of lawyers||3500 (2016/17)|
|Major practice areas||General practice|
|Key people||Penelope Warne|
(UK Managing Partner)
|Revenue||£735.2 million (2015/16)|
|Date founded||1 May 1997 (as partnership) 2 December 2004 (as LLP) (London)|
|Company type||Limited liability partnership|
CMS Cameron McKenna Nabarro Olswang LLP, trading as CMS, is a multinational law firm headquartered in London, England. It has over 250 partners and 74 offices across Europe, the Middle East, South America and Asia.
CMS Cameron McKenna Nabarro Olswang LLP is a member of the CMS organisation of law firms. When considered as a single firm, CMS is one of the ten largest law firms in the world (by number of lawyers: American Lawyer 2016).
The origins of the firm date back to 1779 and the law practice of T Hewitt.
In 1997 Cameron Markby Hewitt merged with fellow City of London law firm, McKenna & Co, to form Cameron McKenna (renamed CMS Cameron McKenna in 1999). The firms of Cameron Markby and Hewitt Woollacott & Chown had merged in 1989 to become Cameron Markby Hewitt. Prior to that Cameron Kemm Norden of New Street, London, EC2, off Bishopsgate, merged with Markbys of London Wall, either in 1980 or 1981. After 17 years at Mitre House, near the Barbican, the firm moved into its Cannon Place headquarters in July 2015, situated above Cannon Street Station.
Henry Markby, a name partner in legacy firm Cameron Markby Hewitt, is alluded to (usually in an unflattering manner) in a number of Oscar Wilde's plays, most notably in The Importance of Being Earnest, when Lady Bracknell says that her solicitors are Markby, Markby and Markby.
The partnership incorporated as a limited liability partnership in 2005.
In January 2006, CMS Cameron McKenna expanded its European presence through the acquisition of the Romanian law firm Hayhurst Robinson.
In October 2016, CMS Cameron McKenna announced that it would merge with UK law firms Nabarro and Olswang to create the world's sixth largest law firm by headcount. The merger completed in May 2017. CMS Cameron McKenna has been renamed to CMS Cameron McKenna Nabarro Olswang LLP, and will trade under the name CMS.
In 2017, CMS is ranking number 1 for M&A in Europe by deal count by Thomson Reuters and Bloomberg.
CMS provides advice across all types of commercial law; banking and finance, competition, corporate and M&A, dispute resolution, employment & pensions, environment, immigration, intellectual property, private equity, public procurement, real estate and tax.
CMS' services are concentrated in eight industry sector groups; consumer products, energy, hotels & leisure, infrastructure & project finance, insurance and funds, lifesciences, real estate & construction, and technology, media & telecommunications.
The firm specialises in the following areas:
- Banking & Finance
- Corporate and commercial
- Competition & EU
- Dispute Resolution
- Employment& Pensions
- Infrastructure and Project Finance
- Insurance & Reinsurance
- Intellectual Property
- Real estate and Construction
The firm also operates along sector lines, focusing on the following industry groups:
- Consumer Products
- Financial Services and Institutions – Banks, Insurers, Investment Business and Private Equity
- Hotels & Leisure
- Infrastructure & Project Finance
- Real Estate & Construction
- Technology, Media & Telecommunications (TMT)
CMS Legal Services EEIG
CMS is a founding member of CMS Legal Services EEIG, a European economic interest grouping of law firms, which was established with the objective to create a professional multi-jurisdictional legal and tax service organisation, headquartered in Europe. CMS currently has 3,000 legal and tax advisers across 65 offices, and boasts deep local expertise coupled with the most extensive footprint of any firm in Europe. The organisation's firms are branded with the preface 'CMS' as part of their respective names but remain independent businesses. The acronym's letters derive from two of the founding firms, Cameron McKenna and Sigle (now CMS Hasche Sigle). The EEIG is organised and managed centrally by an executive committee based in Frankfurt, Germany.
CMS, London office located above Cannon Street station is its headquarters. Having moved here in 2015 the office won best fit out of a workplace for London & South East at the BCO Awards 2016.
CMS’ second largest office, Edinburgh, has been practising law since 1759, following the combination with Dundas & Wilson in 2014. CMS’ Glasgow office was established in 1991 and has over 60 lawyers. The firm has also had a presence in Aberdeen for over 20 years.
Established in 1990, CMS has nine offices in Central and Eastern Europe.
Revenue and profitability
Revenues for the firm increased to €1.01bn (£735.2m) in 2015, up 8.4 per cent on the prior year's €934.5m. Meanwhile, net profits had grown by 6.8 per cent according to City AM.
CMS is the official legal supporter of Pride in London on a pro bono basis.
The CMS Bursary Scheme supports students from economically less privileged backgrounds from their initial application to university through to graduation. Four bursaries are each year, paying £2,500 towards each year of the recipient's law degree.
CMS is a founding member of PRIME, the sector initiative that aims at offering work experience to young people from less privileged backgrounds who might otherwise not have the opportunity to access careers in the legal world.
In 2016 CMS received the Payroll Giving Gold Award 16 in recognition of the high percentage of UK employees giving to charities through the scheme.
The CMS global organisation has chosen Room to Read to be the CMS global charity for 2016/2017.
Notable clients and cases
- Deutsche Bank on a EUR 300m economic guarantee to an Italian life insurer relating to a synthetic fund.
- MetLife on its acquisition of Alico from AIG and CEE operations from Aviva, disposals of UK and Belgian life companies and its subsequent European reorganisation (described by PWC as the ‘largest and most complex European insurance group reorganisation ever undertaken’).
Infrastructure and project finance
- Department for Transport – Advising on a wide range of real estate agreements related to the sale of High Speed 1 (HS1) for GBP 2.1bn and on the Channel Tunnel Rail Link in general which included land acquisitions, leases at St Pancras and agreements with Network Rail
- Metronet/London Underground PPP – Advising on all aspects of its successful bids for the acquisition of two of the infrastructure companies responsible for the upgrade and maintenance of all rolling stock and signalling, stations, track and civil works on 8 of the London Underground lines.
- EDF Energy Renewables – on the Blyth Offshore Wind Demonstration Project (the largest consented offshore wind testing facility in the UK) near the port of Blyth in Northumberland.
- Repsol – on the sale of Repsol's entire portfolio of offshore wind farms to Chinese state-owned State Development & Investment Corporation (SDIC).
- The Ministry of Energy of Mexico – on the implementation of the Energy Reform passed by the Congress in 2013.
Lifesciences and Healthcare
- Johnson & Johnson on the UK aspects of the sale of its Ortho-Clinical Diagnostics (OCD) business to The Carlyle Group for US$4.15 billion. OCD is a global provider of screening and diagnostics solutions.
- Nestlé Health Science on a complex, cross-jurisdictional licence agreement for exclusive IP rights worldwide (except in Europe and Australia) to Lipid Therapeutics’ LT-02 compound.
- Aberdeen Property Trust on its purchase of one of the largest ever Private Rented Sector blocks of apartments in the UK.
- Imperial College on its Imperial West Campus redevelopment project (one of the largest development projects in London).
- Hewlett Packard on its multibillion-dollar IT outsource for a global financial institution, of its global data centre provision (with aspects of banking/trading apps transformation and a leading edge cloud solution) in Europe, Asia Pacific, North and South America.
- Telefónica on the EUR 8.55bn takeover of E-plus (Europe's largest TMT transaction of 2013), and advising Telefónica Deutschland on its EUR 1.26bn IPO and EUR 3.62bn rights offering.
- BT Sport on the enforcement of its broadcasting exclusivity for Premier and Champions League games since the inception of those rights packages.
- Shailesh Vara, MP, NW Cambridgeshire
- Eilidh Wiseman, president, Law Society of Scotland
- Susan Calman, comedian
- "CMS breaks €1bn revenue mark with 8.4% rise for 2015". Legal Week. Retrieved 28 February 2017.
- "People". CMS. Retrieved 18 January 2018.
- "CMS as group posts 8.4% lift". Legal Business. Retrieved 24 February 2017.
- "CMS CAMERON MCKENNA NABARRO OLSWANG LLP". Companies House.
- "The Global 100: the world's top-ranked law firms by revenue, lawyers and partner profits". Legal Week. Retrieved 28 February 2017.
- "Comment and Analysis: Two plus two makes five at Cameron McKenna?". The Lawyer. 28 July 1998. Retrieved 13 December 2013.
- "News and the city: East Europe mergers, offices in Germany and moves to divorce". Solicitors Journal. 3 February 2006. Retrieved 13 December 2013.
- "Dundas and Wilson to merge with London-based CMS". BBC News. 12 December 2013. Retrieved 13 December 2013.
- "CMS Cameron McKenna partners vote yes to Dundas & Wilson takeover". The Lawyer. 12 December 2013. Retrieved 13 December 2013.
- "CMS, Nabarro and Olswang Combine to Create 6th Largest Law Firm in the UK and 6th Largest Globally". 10 October 2016. Retrieved 27 October 2016.
- "CMS most active M&A firm in Europe according to Bloomberg". CMS Cameron McKenna. Retrieved 28 February 2017.
- "Fit Out of Workplace Award". BCO. Retrieved 28 February 2017.
- "Law firm CMS revenues break 1bn mark". CMS Cameron McKenna. Retrieved 28 February 2017.