Țuca Zbârcea & Asociații reports record-breaking results for 2008

Țuca Zbârcea & Asociații broke the €20,000,000 turnover barrier for the first time.

According to the data provided by the Romanian law firm, the turnover reached €23,572,074 (VAT included) in 2008 while the revenues stood at a healthy €21,449,275 (VAT included).

Gabriel Zbârcea, Managing Partner with Țuca Zbârcea & Asociații, said: „We had a 45 per cent jump in billings as compared to 2007, which was largely fuelled by the rise in new client wins, plus growth in existing clients’ advisory work”.

Țuca Zbârcea & Asociații’s representatives also stated the figures do not include the revenues from the secondary office in Cluj-Napoca which operates in association with a well-known local firm - Nistorescu, Șomlea & Asociații.

The firm derived most of its revenue from Mergers and Acquisitions, Corporate, Litigation and International Arbitration, as well as Real Estate work.

„Our growth target is being set at zero per cent for 2009 which is clearly going to be an uneven year. We do expect though our breadth of areas of practice to act as a hedge against the areas that are slower. We believe important parts of our firm’s practices will perform strongly in 2009, in particular Litigation, Concessions and Infrastructure, Employment, Energy and International Arbitration practice groups”, pointed out Florentin Țuca, Managing Partner with Țuca Zbârcea & Asociații.

The firm’s representatives also unveiled a plan to strengthen several practice groups such as Insolvency and Banking and Finance and thus will recruit a number of experienced professionals from the market.

About Țuca Zbârcea & Asociații:

Țuca Zbârcea & Asociații now boasts 83 lawyers, including 16 partners and 42 support staff. The firm’s client portfolio consists of more than 400 clients, such as: Erste Bank / BCR; ArcelorMittal; OMV Group/ Petrom; Carrefour Romania; CEZ; Voestalpine; Colgate-Palmolive; Zentiva; Alstom Transport; Philip Morris; Ministerul Finanțelor Publice.