The partners of CMS UK, Nabarro and Olswang have voted overwhelmingly in favour of a proposal to combine, the three firms have announced in an statement.
10 days after confirming merger talks, the law firms announced that Nabarro and Olswang will join the CMS UK LLP partnership, which will be known as CMS Cameron McKenna Nabarro Olswang LLP. The new entity will trade as CMS and it will become the world’s sixth largest law firm by lawyer headcount and sixth largest in the UK by revenue, according to figures released in the statement.
CMS will have over 1,000 partners and 7,500 employees across 65 offices in 36 countries. It will have combined revenues of around £450 million in the UK and over €1.2 billion globally.
As The Latin American Lawyer reported, legacy CMS has a presence in Latin America, with an office in Rio as foreign legal consultants and an association with Woodhouse Lorente Ludlow in Mexico City since 2013. The firm also has over 100 lawyers in Spain through its offices in Madrid, Barcelona and Seville. Olswang has had an office in Madrid since 2010 and Nabarro has a strategic relation with Spanish law firm Roca Junyent. Details about the future of the overlapping offices and the international structure of the new entity are yet to emerged.