Profits at all three CMS Cameron McKenna Nabarro Olswang legacy firms fell in the last financial year before their three-way union went live, LLP accounts for each firm reveal.
As the first evidence of the 2016/17 financial performance for Nabarro and Olswang in particular -which did not release their financials in the summer – the accounts also show revenue at Olswang plummeted 14% from £116.47m to £99.96m. The top line was marginally up 1% at Nabarro to £131.14m and up 4% to £273.2m at CMS Cameron McKenna.
