On May 1, 2018, Erika Papp will replace Gabriella Ormai as the new Managing Partner of CMS's Budapest office.
Ormai, who steps down as Managing Partner after 22 years in that role, will continue as co-head of the Budapest commercial team. Papp, who has been with CMS since 1996, will also continue in her current responsibilities as Head of the Budapest Banking & Finance team.
In a CMS press release, the firm reported that “Gabriella 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.”
“In the last 30 years, CMS has grown to become the largest law firm in Hungary," Ormai stated. "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.”
Ormai expressed confidence in the change. “I know that Erika will be a terrific leader. She has an impressive track record built up over the last 20 years, and I am confident that her drive, personality and leadership acumen will bring the very best out of our great team moving forward, ensuring the office continues to thrive.”
“It has been very exciting to see and be part of CMS’ incredible journey in Hungary to date,” said Papp. “I am honored and excited about the new role, and the opportunity to continue to shape CMS’ bright future together with the Budapest partners and our talented team here.”
An in-depth interview with both Papp and Ormai about the change will appear in the May 2018 issue of the CEE Legal Matters magazine.