Bostina si Asociatii law firm banks on significant growth of revenues derived by its territorial offices as a result of the rising number of lawyers and the integration of these branches into the local structures, says Doru Bostina, the companyes managing partner.
"At present, less than 10% of the companyes revenues come from outside Bucharest. On medium term, we plan to strengthen the respective offices and connect them to the local market, to the local law activities and all business generators," stated Doru Bostina. At the same time, the firm will further expand its activities countrywide this year, by opening another four or five offices, with the domestic network to include a number of 15 branches.
The company last year reported turnover worth 10.16 million euros and targets 12 million euros this year. The increase is based on market growth, on the opening of territorial offices, as well as on the introduction of some new, customer-oriented, work practices.
"We will introduce private client services, after the banking model, targeting managers of large and medium-sized corporations, offering them personal advisory services. At the same time, we want to persuade the major companies to outsource their legal services, and have their lawyers join our firm," says Bostina.
Bostina si Asociatii currently has over 120 employees and collaborators, with a quarter of 2006 revenues being derived from litigations. In terms of their weight in overall revenues, the most dynamic domains for the company last year were privatisations (12%), communications (10.6%) and taxation (8.6%).
The domestic law market is put at over 100 million euros, but a large part of business is absorbed by a small number of firms, given that three of the biggest players on the market reported cumulated revenues of more than 30 million euros in 2006.
"In the next five
