A year of turbulence and tough markets in Europe has apparently taken its toll on the region’s legal market with CMS seeing growth stall with group revenues hitting €999m for 2016.
The revenue figures include CMS’ ten member firms that are combined together under a European Economic Interest Grouping. The firm said that without currency fluctuations it would have posted like-for-like revenues of €1.05bn, constituting a 4.1% increase in combined income. However, on face value it represents a minor dip on the previously reported revenues of €1.01bn for 2015.
