The three firms that merged to form CMS Cameron McKenna Nabarro Olswang show significant falls in profit the year before their merger. The latest published accounts show lower profits at CMS Cameron McKenna, Nabarro and Olswang, falling by 76 per cent (from £35.2m to £8.3m) at Olswang, by 10 per cent at Nabarro, from £46.6m to £41.8m, and by three per cent at CMS, from £74.1m to £71.5m. The three firms officially combined on 1 May 2017. The accounts also reveal that Nabarro had a £17.2m deficit in its pension scheme at the end of April 2017. This was up 41 per cent from £12.2m the previous year. CMS Cameron McKenna attributed some of the figures to merger costs as well as onerous leases and redundancy costs.