Rome, 12 July 2017
- Monaco law firm PCM AVOCATS joins international, full service law firm CMS
- It is the first time in the Monaco legal market that a local full-service law firm joins an international firm
- CMS now has 71 offices in 40 countries, with over 7,500 staff and more than 1,000 partners
CMS has added another key business location: PCM AVOCATS, one of the leading law firms in Monaco, has become part of CMS. This is the first time in the Monaco legal market that a local full-service law firm joins an international firm. With PCM AVOCATS, CMS will be able to provide international clients with a full-service legal offering in Monaco. PCM AVOCATS can now link their Monaco-based clients with leading CMS legal experts worldwide.
With this new location, CMS, already one of largest law firms worldwide, continues its expansion path. In January 2017, three Latin American firms – CMS Carey & Allende in Chile, CMS Grau in Peru and CMS Rodríguez Azuero Contexto Legal Abogados in Colombia – joined CMS, significantly increasing the firm’s footprint in Latin America. In the UK, CMS merged with the law firms Nabarro and Olswang on 1 May 2017, creating a new firm that is the sixth largest in the UK by revenue. Additionally, CMS has a well established presence in Africa, China and the Middle East, and is growing in Asia.
Pietro Cavasola, Managing Partner of CMS in Italy adds: “Monaco is developing its own economy and has taken up various initiatives to attract foreign investors and to strengthen its position. The expansion of CMS in Monaco will allow clients wishing to invest in the country to benefit from economies of scale and the force of an international firm like CMS.”
