From May 2018, Erika Papp - head of the CMS Banking & Finance team in Hungary - assumes the position of managing partner at law firm CMS Hungary. She replaces Gabriella Ormai, managing partner of CMS Hungary for the past 22 years, who will continue in her role as co-head of the Budapest commercial team.
Erika Papp has been with CMS since 1996 and will continue to head the Budapest Banking & Finance team as managing partner, says a press release sent to the Budapest Business Journal.
“We have exciting times ahead – in today’s rapidly developing technological environment, law firms more than ever need to be agile and innovative,” said Papp. “The CMS Budapest team has always believed strongly in leading the way rather than following the pack – we are in a great position, and I look forward to seeing where we can take the office in the coming years.”
Ormai has been with CMS Hungary since its formation in 1989 and has a strong market profile and reputation, working on many of the transactions that have shaped Hungary and its economy over the course of her career to date, said the press release.
“In the last 30 years, CMS has grown to become the largest law firm in Hungary,” said Ormai. “We have cemented our position as a leading law firm in all of the major international legal directories and work on some of the most high-profile transactions and projects, both in Hungary and across CEE,” she added.