Frankfurt, 10 June 2016. CMS, the top 10 international law firm, today announces its financial results for 2015.
- Total annual revenues of EUR 1.01bn compared with 2014 revenues of EUR 934.5m, a year-on-year increase of 8.4%
- Net profit up 6.8% compared with 2014
- The CMS Corporate/M&A Group achieved top rankings in the major 2015 deals tables compiled by Bloomberg, Mergermarket and Thomson Reuters
- Ranked 2nd most global firm in the AmLaw 2015 Global Top 100
- First international law firm to open an office in Iran on 1 February 2016
- 32 new partners across CMS in 2015.
Cornelius Brandi, Executive Chairman of CMS, commented, “Last year, we achieved another set of excellent results. Our strong increase in revenue is a tangible indicator of our commitment to providing our clients with quality legal advice that has a positive impact on their business. Independently conducted surveys show that our clients are very satisfied with the service they receive from us.
In 2015, we advised on a number of high-profile deals across a range of industry sectors worldwide. As in previous years, we have achieved top rankings in the major 2015 M&A League Tables. By deal count, we were ranked #1 in Europe by Bloomberg and Thomson Reuters, #2 in Europe by
Mergermarket and #3 globally by Bloomberg (up to USD 500m).
“Already one of the largest law firms worldwide – we were ranked 2nd most global firm in American Lawyer’s 2015 Global Top 100 for the second consecutive year – we have continued our expansion and now have 60 offices in 34 countries. At the beginning of this year, we became the first international law firm to open its own office in Tehran, Iran.”
CMS added 32 new partners in 2015 across a wide range of jurisdictions, taking the total to over 850.
Jean-Francois Marquaire, Managing Partner of the Moscow office, added: “In Russia, despite a particularly challenging environment, CMS has demonstrated its resilience as well as its strong foothold in a market which has been largely dominated by contentious and restructuring activities. We have also successfully assisted new investors from Europe and Asia for whom Russia remains attractive while our Russian clients also value the CMS network for its international offering. We envisage that 2016 will be especially active in M&A as the situation in Russia begins to stabilise and assets remain reasonably priced at least in the short term.”