CMS revenue grows by 5.1% in 2012
CMS, the top 10 global law firm today announces its financial results for the year ended December 31 2012.
- Total annual revenues of €837.7m - increase of 5.1% compared with 2011 revenues of €797.3m
- New offices opened in Barcelona and Dubai, substantial expansion of Beijing practice into the Lifesciences sector
- 31 new partners taking total to 768
- Ranked 7th by number of lawyers and 22nd by turnover in the AmLaw 2012 Global 100
Cornelius Brandi, Executive Chairman of CMS, commented, “In 2012, we advised clients on a large number of complex matters across a wide range of jurisdictions. These included working with Telefónica Deutschland on the largest flotation in Germany and with Société Générale on their €50bn European Medium Term Note programme. We are delighted that our full-year revenues increased again in 2012, continuing our growth in fee income. This strong performance, which has been achieved despite the global economic downturn, is confirmation that the CMS model is the right one, allowing us to provide clients with the service they require on the best terms available.”