CMS announces revenues of over €2 billion

CMS has announced revenues for the financial year January-December 2024 of 2.073 billion euros representing a year-on-year growth rate of 5,9%. The biggest contributor to revenue growth in 2024 was the corporate practice. Other areas of high growth included the dispute resolution, real estate, tax, employment and banking practices.

Pierre-Sébastien Thill, CMS Chairman: “In today's fast-paced business environment, it's not just about providing expert legal advice and innovative service delivery, but also about being agile in tackling various challenges that affect both our business and that of our clients. Our numbers reflect our ability to meet these market demands, all thanks to the dedication and forward-thinking approach of our people as well as the trust of our clients.”

Expanding into new markets

With 91 offices in 50 countries, CMS provides quality advice and service delivery to clients in key business hubs around the world. In 2024, CMS continued strengthening its presence in key regions. Following an onboarding period, the top-ten Swedish law firm Wistrand formally became CMS Wistrand. Mauritian-based firm Prism Chambers joined CMS as an associate firm of CMS Africa. Additionally, CMS opened a representative office in Silicon Valley (US) that focuses on business development and marketing activities. 

Duncan Weston, CMS Executive Partner: “Our strategic expansion through new member firms, expanding the reach of existing ones and building strong partnerships has contributed significantly to our success. Equally important, is our global mindset and our ability to balance global and local work while maintaining an intercultural focus.”

Strengthening leadership

In 2024, CMS announced 54 partner promotions in 17 countries across the organisation. At the end of 2024, Hubertus Kolster, Senior Partner at CMS Germany, was named Vice-Chairman of the CMS Executive Committee, and is responsible for driving key global initiatives and projects. He joins Pierre-Sébastien Thill, Duncan Weston and Isabel Scholes in the CMS Executive Team.

CMS remains committed to being at the forefront of innovation, AI and legal tech. Key initiatives in 2024 included the ongoing roll-out of Harvey and Microsoft Copilot as well as trainings on artificial intelligence and legal tech.

Isabel Scholes, CMS Executive Director: “Attracting and retaining top professionals with the skills to manage complex transactions and provide exceptional service is key. Especially in the age of AI, human skills are vital and we are committed to nurturing leaders who can deliver effective strategies and foster a culture of innovation, inclusivity and sustainability. These traits are essential for preparing our clients and CMS for the future.”