CMS global revenue grows 5.1% to €1.957 billion

CMS has released its global results for the 2023 financial year, in which it achieved a turnover of €1,957 million, representing growth of 5.1% over the previous year’s financial year. The law firm currently has 84 offices in 47 countries and more than 6,300 lawyers worldwide.

By areas, Corporate / M&A services were the main contributors to these results, together with other practice areas such as Litigation, Real Estate and Tax.

Investment in technology as one of its strategic pillars

CMS remains committed to its clients and employees to be at the forefront of innovation and the development of Artificial Intelligence for the benefit of greater legal technology. During the 2023 financial year, initiatives were approved and implemented, such as being one of the organisations that formed part of the Microsoft 365 Copilot Early Access Program, which aims to revolutionise the way we work, having developed CMS Umbra, an IP marketing tool thanks to the use of AI and created in collaboration with IPDefine, and finally, the launch of the pilot programme based on the use of Harvey, the artificial intelligence platform for the legal sector. In March 2024, CMS signed a global agreement with Harvey to implement it in all of its organisation’s offices.

2023 has also been a year in which CMS has continued its expansion in strategic regions, such as its landing in Brazil through a partnership agreement with the local law firm Focaccia, Amaral e Lamonica Advogados (FAS Advogados), the integration of the Swedish law firm Wistrand as a member of CMS or the joining of the Mozambican law firm Couto, Graça e Associados Limitada (CGA).

For Pierre-Sébastien Thill, Chairman of CMS globally: ‘Continuing this growth reflects our commitment to providing expert advice and innovative solutions, enabling us to continue to offer a valuable service to all our clients in this ever-changing business environment,’ concludes Pierre-Sébastien Thill. For the CMS Chairman, the challenges for the future remain to drive innovation and invest in our teams to ensure we are ready to help our clients prepare for the world of tomorrow.