Hogan Lovells and CMS become two of 13 UK top 50 to sit debt free as group cuts borrowings by 9%
Bank loans and overdrafts total £704m as 19 law firms see debt drop in 2013-14
June 04, 2015 at 07:15 PM
1 minute read
CMS Cameron McKenna and Hogan Lovells cleared their bank loans and overdrafts in 2013-14, becoming two of just 13 firms in the UK top 50 to be debt free.
Analysis of the 2013-14 Limited Liability Partnership (LLP) accounts of the UK's 50 largest firms by revenue, carried out for Legal Week by accountancy firm Smith & Williamson, shows CMS UK slashed its debt from
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