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CMS, the top 10 international law firm, today announces its financial results for 2013
Cornelius Brandi, Executive Chairman of CMS, commented, "2013 was a particularly good year for CMS. Despite the global economic situation, we managed to increase our revenue and our profitability. We established an office in Istanbul which has in its first six months of existence proved successful and we signed a co-operation agreement with energy specialists Woodhouse Lorente Ludlow in Mexico. At the end of last year, Dundas & Wilson of Scotland, a premier firm with over 250 years of history and ZPG Avocats SA, a top-tier firm in French-speaking Switzerland, agreed to merge with CMS.
"All of these are constructive developments that show CMS as an attractive partnering option within the legal industry. We are proud that in 15 years we have built the largest legal footprint in Europe and are consistently ranked number one for M&A deal volume in the region.
“CMS is in a very strong competitive position in our key sectors of energy, financial services, lifesciences and TMT, where we executed some highly complex cross-border matters in 2013. We feel confident that there are opportunities ahead as we move towards a more positive economic outlook across the world.”
CMS added 31 new partners in 2013, including eight lateral hires, taking the total to over 800.
1 Bloomberg (#1: Europe, CEE, France, Germany); Mergermarket (#1: CEE, Germany); Thomson Reuters (#1: CEE, Germany).