Post by account_disabled on Feb 25, 2024 0:01:59 GMT -5
The global legal advisory firm CMS has published its results for the January-December 2022 fiscal year, in which it achieved revenues of 1,862 million euros, which represents an interannual growth rate of 6.2%.
The firm highlights that these results occur in the midst of an economic and political scenario marked by the impact of the war between Russia and Ukraine and the consequences that inflation is leaving in the different international and local economic markets.
Regarding the firm's global results, Pierre-Sébastien Thill, president of CMS, commented that “2022 has been a difficult year for companies around the world. These results demonstrate the remarkable resilience of our teams and the depth of their customer relationships. As we all navigate another difficult year , it is undeniable that CMS's commitment to providing exceptional service to our customers plays an important role in our continued success."
By business areas, all the services included within the Commercial area continue to be those that generate the greatest volume of income , as well as the areas of Litigation Fax Lists Resolution and Labor advice. Other lines of services that have also been significant in the past year were tax advice, those related to advice to the banking sector and legal services for the real estate sector.
Adapt to a changing world
As the firm explains, CMS took advantage of its experience in digitalization and artificial intelligence to improve its global service offering to clients . This included strengthening a greater diversity of global practices through the development of superspecialties in critical areas that are increasingly in demand such as cybersecurity, issues related to Digital Law and the tremendous impact that AI already has at all levels, exemplifying its commitment to staying at the forefront of the emerging issues that matter most to its clients.
CMS has produced specialized guides and reports to ensure that clients, in a context of complex geopolitical tensions and constantly changing regulations, have up-to- date legal information .
The firm highlights that these results occur in the midst of an economic and political scenario marked by the impact of the war between Russia and Ukraine and the consequences that inflation is leaving in the different international and local economic markets.
Regarding the firm's global results, Pierre-Sébastien Thill, president of CMS, commented that “2022 has been a difficult year for companies around the world. These results demonstrate the remarkable resilience of our teams and the depth of their customer relationships. As we all navigate another difficult year , it is undeniable that CMS's commitment to providing exceptional service to our customers plays an important role in our continued success."
By business areas, all the services included within the Commercial area continue to be those that generate the greatest volume of income , as well as the areas of Litigation Fax Lists Resolution and Labor advice. Other lines of services that have also been significant in the past year were tax advice, those related to advice to the banking sector and legal services for the real estate sector.
Adapt to a changing world
As the firm explains, CMS took advantage of its experience in digitalization and artificial intelligence to improve its global service offering to clients . This included strengthening a greater diversity of global practices through the development of superspecialties in critical areas that are increasingly in demand such as cybersecurity, issues related to Digital Law and the tremendous impact that AI already has at all levels, exemplifying its commitment to staying at the forefront of the emerging issues that matter most to its clients.
CMS has produced specialized guides and reports to ensure that clients, in a context of complex geopolitical tensions and constantly changing regulations, have up-to- date legal information .