As the firms move closer to the 1 May 2017 planned close of their merger, the three firms have signed to take on floors six and seven at CMS’ headquarters, a report from Legal Week
CMS currently leases the first three floors of the building which they share with CBI, Franklin Templeton Investments, Columbia Threadneedle Investments, BLME and i2 Offices.
In early October, it was revealed that all leasing deals on Cannon Place were put on ice by Savills and CB Richard Ellis following the three firms going into advanced merger talks. The real estate managers took off the market 80,000 sq. ft. of space then.
Nabarro and Olswang were expected then to abandon their current offices at 125 London Wall and 90 High Holborn, respectively, and to move into Cannon Place.
Olswang’s lease on 182,000 sq. ft. of space at High Holborn will expire in 2022 and while Nabarro’s lease on 100,000 sq. ft. of space at London Wall will expire in 2025, The Lawyer
previously reported. It remains unclear what is planned for these leases.
“Cannon Place is an excellent collaborative working environment and we are delighted to be welcoming our new colleagues in May 2017, many of whom are already familiar faces,” said CMS senior partner Penelope Warne.
The combined firm will operate simply as CMS while the UK LLP will be a consolidation of the names of the three firms – CMS Cameron McKenna Nabarro Olswang
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Nabarro and Olswang have inked a deal to move into the London headquarter of CMS Cameron McKenna, taking two floors at 78 Cannon Place.