Camerons has signed up Deloitte to help with branding and integration issues as the City law firm continues discussions to bring its network of firms closer together.
The firm invited Deloitte senior partner and chief executive officer John Connolly to speak at its partner conference last month. Connolly gave a presentation on how Camerons could build on its international network and gave the partners suggestions on how the integrated structure could best be managed. Deloitte is also Camerons’ auditor.
Camerons is keen for its nine-firm CMS network to be viewed as a single entity, and is discussing common branding issues prior to a vote in January. However, the alliance firms aim to remain financially independent partnerships, in a similar structure to that used by Deloitte.
Camerons managing partner Dick Tyler told Legal Week: “It was a tremendous opportunity to have him talk to us. Deloitte is our auditor but it made sense to bring it on board for consultancy advice as well.”
Currently, the CMS firms contribute around 1%-2% of profits to the network to fund the common executive body, although this is set to increase to 3%-4%.
Last month the CMS alliance appointed its first-ever director of operations at the same time as the body relocated its headquarters to
Meanwhile, Camerons has ruled out opening up the network to the
As well as discussing issues relating to CMS, the partnership conference covered the firm’s three-year plan, which was introduced last year. Partners discussed how the firm was performing in relation to its strategy, both in terms of market position and financial performance.