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Catch up on the latest news and press releases about CMS – the firm, latest developments and insights from CMS publications. Read all about the newest developments in the legal industry. If you are a journalist or media representative looking for commentary on the legal implications of trends and developments in the business world, please contact our local country contacts on the right or visit our global press room for wider global press queries.



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15/05/2024
Six years of GDPR: Europe-wide analysis shows increasingly dynamic sanction...
Highest GDPR fine of 1.2 billion euros imposed by the Irish data protection authority in May 2023 for a breach of the rules on international data transfers. Further fines imposed by this authority in 2023 amounted to hundreds of millions of euros. The main violations are “Insufficient legal basis for data processing” and “Failure to comply with the general principles of data processing”. The next most common violation is “Insufficient technical and organizational measures to ensure information security”. Spain tops the list of countries with the most fines for the fifth year in a row, followed by Italy and Romania. Ireland, Luxembourg and France have the highest average fines and total amounts per country. Berlin – Today, international law firm CMS has published the fifth edition of its annual Enforcement Tracker Report. The English-language report shows the developments of all publicly known GDPR fines based on CMS's own online database, GDPR Enforcement Tracker. The current edition of the report covers the analysis period between March 2023 and March 2024. 510 fines were added for the past year as of the editorial deadline on 1 March 2024. This brings the total number of data protection fines since the GDPR came into effect in May 2018 to 2,225, or 2,086 if only fines with full details such as the amount of the fine, date and authority are counted. The total amount of fines since the start of the survey is around 4.5 billion euros. This means that fines of around 1.7 billion euros have been added compared to last year’s Enforcement Tracker Report. This shows that authorities are no longer shying away from imposing high fines. The average fine for the entire reporting period was around 2.1 million euros - with high fines against “big tech” companies in 2021/22 and the first fine in the billions in 2023 having a particularly heavy impact.“At the top of the list of GDPR fine triggers is, once again, insufficient legal basis and non-compliance with the general data processing principles as well as insufficient technical and organisational measures. Companies should pay particular attention to this,” says Christian Runte, lawyer and partner at the international commercial law firm CMS Germany. Dr Alexander Schmid from the Enforcement Tracker team at CMS Germany adds: “In addition to data protection authorities, the courts have also increasingly dealt with the interpretation of the GDPR. For example, the Court of Justice of the European Union has further clarified the scope of data subjects' right of access. “These rulings create more clarity, but at the same time tighten the requirements for companies, which is why, in addition to a viable compliance concept, current developments will also be decisive for them in practice in the future.”Read the full Enforcement Tracker Report here; a summary can be found here. Pressekon­takt presse@cms-hs. com
27/03/2024
CMS signs global partnership with leading legal GenAI vendor Harvey
International law firm CMS has entered into a global partnership with Harvey, one of the world’s leading generative AI (GenAI) platforms. This partnership puts CMS, operating in 47 countries, at the forefront in using GenAI to enhance the delivery of legal services to clients. CMS has a strong track record of using AI technology in its legal service delivery in transaction, litigation and advisory practice groups. Adding GenAI technology to support clients around the globe is the next evolutionary step. CMS has been looking at the potential of AI for a number of years and at generative AI since before ChatGPT hit the news. “CMS believes that GenAI  will enhance and support our human knowledge and skills, enabling the firm to deliver even greater  benefits to its clients,” said Isabel Scholes, CMS Executive Dir­ect­or.​​Backed by ​OpenAI​,​​ ​Harvey augments productivity and streamlines workflows across ​different parts of legal work, such as contract analysis, due diligence, litigation and regulatory compliance. Harvey can help produce insights, assist in creating initial drafts, suggestions and forecasts from large amounts of data, which are used to create final deliverables. This helps lawyers provide quicker, better and more affordable solutions to their clients. In 2023, CMS started a pilot programme with Harvey, involving a large number of CMS lawyers, tax advisors and notaries in several jurisdictions. Now, CMS will introduce Harvey in a phased approach across its member firms, starting in France, Germany, the Netherlands, Portugal and the UK. Pierre-Sé­bas­tien Thill, CMS Chairman, said: “We are very pleased to be collaborating with the GenAI platform Harvey. CMS lawyers will now not only have access to GenAI tools that will help them enhance the delivery of services to our clients but will also work with the Harvey team to help shape the future of GenAI systems in the legal sector.”Duncan Weston, CMS Executive Partner, added: “At CMS, we are constantly challenging and innovating the way legal services are delivered. Our focus is on using technology to solve problems and generate value for our clients. Our global partnership with Harvey is a prime example of this.”"CMS's pioneering spirit in embracing Harvey's AI technology is a powerful move towards a more innovative legal sector. We are honoured to be a part of this journey," said Gabe Pereyra, Harvey Co-Founder and President."By joining forces with CMS, Harvey is helping to chart a new course for legal services that is more efficient, accurate, and client-focused. It's a privilege to support such a dedicated team of professionals," said Winston Weinberg, Co-Founder and CEO of Harvey.
28/11/2023
CMS launches International Digital Regulation Hub providing a clear roadmap...
All businesses should be prepared to grasp the opportunities in digital regulation 
22/05/2023
Europe-wide analysis on the fifth anniversary of the GDPR reveals data...
European data protection authorities imposed fines totalling over 2.7 billion euros in more than 1,500 publicly known cases for violations of the General Data Protection Regulation, which has been in...
13/04/2022
€180 million new bond issue by the Paragon group and related debt push-down...
In July and December 2021, the Paragon group successfully issued bonds in an aggregate amount of €180 million in two tranches on the Euro PP market. The bonds were issued by PCC Global Plc, an English...
07/10/2019
CMS expands in Africa
Frankfurt, 7 October 2019. CMS announces that RM Partners and Daly & Inamdar Advocates, based in South Africa and Kenya respectively, have today joined the leading global law firm. Going forward, they...
05/09/2019
CMS publishes European M&A Outlook
Frankfurt, 5 September 2019. Weak economic indicators, uncertainty surrounding Brexit and growing protectionism in global trade have contributed to a shift in sentiment in the M&A community and the beginning...
29/04/2019
CMS announces largest-ever global partner promotions
CMS has made up 49 new partners in 2019, marking the firm's largest-ever round of global partner promotions. The new partners span 23 cities across Europe, Latin America and the Middle East, and sit across...
04/02/2019
CMS First Law Firm to Launch Global Tech Start-Up Programme
Programme to launch in 20 countries across Europe, Asia and the Middle EastTech start-ups granted access to investors, peers and discounted legal advice4 February 2019 - International law firm, CMS, has...
14/06/2018
CMS announces revenue of EUR 1.3bn for 2017
Frankfurt, 14 June 2018. CMS, the top 10 international law firm, today announces its financial results for 2017. Total annual revenues of EUR 1.3bn for 2017, a year-on year growth of 31%47 new partners...
22/03/2018
CMS European M&A Study: Sellers take centre stage as European M&A deal...
Frankfurt, 22 March 2018 – CMS has published the tenth edition of its annual European M&A Study 2018, which analyses more than 3,650 of its private M&A transactions and compares the CMS deals of 2017...
08/12/2017
CMS wins at Mergermarket European M&A Awards
Frankfurt, 8 December 2017. CMS won Private Equity Legal Adviser of the Year at the Mergermarket European M&A Awards, held in London on 7 December 2017. Additionally, CMS was named France M&A Legal Adviser...