CMS re-elects chairman and appoints new executive director
Frankfurt, 29th June 2015. From 25th-27th June, CMS partners met in Paris for their Annual Partners’ Meeting to discuss future business strategies and growth plans for the top 10 international law firm. Over 550 partners attended from almost 50 cities around the world.
Executive Chairman Cornelius Brandi, who has been re-elected for a second term of four years, commented, “Over the years, CMS has achieved a dominant position in transactional work. Our excellent 2014 financial results, with a year-on-year revenue increase of 11%, reflect this. The results show that we have substantially increased our market share in jurisdictions we want to be in. Additionally, the level and quality of mandates that we receive have continually improved. CMS is on the right track.”
Earlier this month, CMS announced its 2014 financial results. The organisation posted annual revenues of EUR 934.5m compared with 2013 revenues of EUR 842.1m. Net profit was up 3.3% compared with 2013.
Cornelius Brandi´s mandate has been extended for four years, ending in June 2019. As Chairman, he is responsible for the growth and strategic direction of CMS.
“The fact that partners have re-elected the incumbent chairman is an indication that they support the general direction that CMS is going in. ” Cornelius Brandi added. "I am delighted to have been chosen for a second term as Chairman and look forward to the challenges and developments of the next four years".
Read more about CMS in the CMS Annual Review 2014-2015.