Law firm Voicu & Filipescu has 38 lawyers, and closed last year with 35% higher revenues, which exceeded 4 million euros.
Over the last few years, the law firm has been involved in several transactions, such as the listing of A&D Pharma in London, the sale of BelRom retail parks in Sibiu and Targu-Mures to North East Real Estate and Natixis, the transaction between the Czech group PPF and insurance company Ardaf, as well as the UPC-Astral, Coca-Cola - Dorna and Kronospan - Gruppo Fratti deals.
"A law firm with 10-15 lawyers is paralysed if it has two major deals to work on at the same time. When we worked to collect Romexterra's shares, we managed 15 collection centres. 20 lawyers managed the arduous and technically challenging collection process. A small firm would not only have lacked the necessary staff to handle such a process, but also the technical expertise," says Daniel Voicu, senior partner at the firm.
Voicu & Filipescu advised Czech investment fund PPF Investments when it launched an offer to buy a 20% stake in Romexterra.
Daniel Voicu says the growth of the legal market has been prompted by the positive trend of the overall economy.
Although, at the beginning of this year, the key interest rate increased from 8% to 9%, and the Stock Exchange dropped over 20% against the end of last year, Voicu believes the overall trend is a positive one.
"The entire Romanian market is continuously growing, and I think there will be further increases. The Stock Exchange experienced a rather difficult period, but I think this is temporary. Most listed companies have clients, they had positive results, so declines on the Stock Exchange were more likely to be psychologically driven, or prompted by other factors that didn't involve the actual value of companies," says Voicu.
He believes there will be IPOs this year, becaus
