CMS Grows Global Revenue, Rolls Out New Management Structure
The firm has appointed a new leadership committee amid 5% revenue growth.
June 18, 2019 at 06:49 AM
2 minute read
Pierre-Sebastien Thill, CMS chairman.
CMS has grown its global revenue by almost 5% in the last year, hitting €1.36 billion ($1.52 billion) – up from €1.3 billion ($1.46 billion) last year.
The international firm has also announced a reorganisation of its management structure, appointing a new chairman and introducing an executive team.
Paris-based tax partner and current vice-chair Pierre-Sebastien Thill has been appointed chairman of the firm, replacing Cornelius Brandi.
The firm has introduced an executive team, with current executive partner Duncan Weston and executive director Matthias Lichtblau joining Thill in the new group.
CMS said in a statement that Weston will take responsibility for CMS's overall global strategy, as well as client-related technology initiatives and business development.
The firm added that Lichtblau will have overall responsibility for all operational functions of the executive team and of CMS Legal Services EEIG, the service holding company for all CMS employees.
Brandi steps down after two terms and will continue in his role as senior partner of CMS Germany and as a member of the CMS executive committee.
The announcements come two years after legacy CMS completed a transformative three-way merger with legacy Nabarro and Olswang.
Earlier this year, the firm added 49 new partners in its largest-ever global promotions round, which included 21 in the U.K.
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