- Sep 7, 2024
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Hi everyone,
I am doing my application for CMS but I am struggling to understand what separates the firm compared to its competitors and who its competitors are. Does anyone have any insights?
Hey @DesperateForVac ,
I remember some points on the firm’s approach when I was applying for first year schemes. I’ve included some of them below, together with a mix of recent updates (I’ve linked a recent article below as well).
I believe CMS distinguishes itself through its global organisational structure. Unlike many global law firms, CMS has not yet established a strong presence in the U.S. legal market. However, the firm has expressed intentions to expand into the U.S. In August 2024, CMS reported a 5% revenue growth and outlined a strategic shift towards global expansion, including evaluating smaller U.S. firms for potential partnerships. Legal News Feed - LINK HERE. It seems a lot of firms are swaying towards this move - take the potential HSF/Kramer merger for example.
The firm is also organised by sectors not practice areas, which enables CMS to provide tailored services in sectors such as real estate, energy, and financial services. Additionally, CMS diversifies its revenue streams by offering tax advisory services alongside legal services.