Partners at City firms CMS UK, Nabarro and Olswang have voted ‘overwhelmingly’ in favour of a three-way merger, the firms announced this afternoon.
The deal is expected to create a new ‘City powerhouse’ with a £1bn turnover that will become the world’s sixth largest law firm by headcount.
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The merger is due to complete on 1 May 2017. The new firm will trade as CMS and the name of the UK LLP will be CMS Cameron McKenna Nabarro Olswang LLP.
‘I am inspired today because we are delivering the next step to transform the legal services industry,’ said CMS senior partner Penelope Warne.
‘Through this combination, we are delivering a modern firm that combines scale with an exceptional depth of sector expertise. A firm that is united in its central focus on its clients, people, its commitment to diversity and the increased development opportunities that come from stronger and more global growth.
‘The merger will also have considerable significance for the global growth plans of CMS and is a great endorsement of the extraordinary export of English law throughout the world.’
Partners vote 'overwhelmingly' for CMS, Nabarro, Olswang merger
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