Clifford Chance, the world’s largest law firm, and Cerha
Hempel Spigelfeld Hlawati, seen as one of the best in Austria, have
recently announced their association with practices in Bucharest,
“Saptamana Financiara” weekly reports.
Clifford Chance announced its association with Badea,
Georgescu & Asociatii, with the office in Bucharest intended to
strengthen the company’s presence in the CEE region. Clifford Chance also
runs offices in Budapest, Moscow, Prague and Warsaw. “Our new office in
Bucharest will be a starting point for the development of Clifford Chance
operations in the region and will improve our capacity to assist our global
clients with interests in South-East Europe,” explained Michael Cuthbert,
Clifford Chance, managing partner for Central and Eastern Europe. In the
ensuing period, Nick Fletcher – managing partner with the Warsaw practice
and a partner in the new law firm in Bucharest – will be in charge with
integrating the team in the Romanian capital with the Clifford Chance
network.
Daniel Badea and Nadia Georgescu, the local partners of Clifford Chance, have a sound professional reputation. Daniel Badea specialises in banking and capital market transactions, while Nadia Georgescu covers the M&A, private, equity and real estate investments sectors. In mid-June the official opening of the Gilescu & Partenerii CHSH practice was also announced. Cerha Hempel Spiegelfeld Hlawati (CHSH) is one of the largest and strongest law firms in Austria. The company launched operations in Bucharest in November 2005, jointly with the Gilescu & Partenerii practice. With offices in Vienna, Bratislava, Budapest, Bucharest, Brussels, Warsaw, Gdansk, Katowice, Poznan and Wroclaw, CHSH is set to become a highly influential law firm in the region.
Also these days, Grigorescu si Asociatii became a founding member of bpv legal, a newly established alliance of four law firms which will provide international services to clients in Central and Eastern Europe. The bpv Grigorescu main areas of expertise include corporate law, mergers and acquisitions, competition, banking and financial law, real estate, labour law, public procurement and tax law. “We believe this is an excellent opportunity for us, as a company, to bring into the Romanian market a new concept of alliance, which has not been considered so far by any other Romanian company,” coordinating lawyer Catalin Grigorescu explained.
On the other hand, Casa de Avocatura Bostina si Asociatii (CABA) announced the acquisition of Westdin SA, a Swiss legal counsel firm specialising in international commercial law. Westdin SA has a CHF 100,000 share capital and made CHF 4,000,000 in revenues, with the transaction exceeding CHF 800,000. “We are the first law firm in Romania to make this step, to acquire a Western European legal counsel company, instead of a mere partnership. We have offices opened in Vienna and Nicosia, and acquisition of a legal council firm in Switzerland is a natural step in our international expansion,” explains Doru Bostina, coordinating lawyer at CABA.
The company will be named Bostina & Associates SA, with Doru Bostina a member of the company Board. Last month another two smaller law firms in Spain entered the Romanian market, through a three-party merger. Paving the way for other Spanish law firms, Bernuy Abogados – specialising in tax, bankruptcy and economic criminal law – and Balms Abogados, active in the financing and real estate segment, merged with local Mihai Mares Law Offices. The new company is named Muniz Bernuy Balms & Mares. Romanian lawyer Mihai Mares was appointed managing partner of the new company, with another two partners and five associates to help him.
“We eye a position in the Romanian top ten law firms in Romania in terms of turnover in the next five years,” Mihai Mares pointed out. The business law market has grown increasingly sophisticated over the past few years, as the number and scope of transactions increased. Nestor Nestor Diculescu Kingston Petersen and Musat & Asociatii, i.e. the law firms ranking first in the charts drawn up by ‘Saptamana Financiara’ this year, put the market at approx. EUR 50 M.
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Daniel Badea and Nadia Georgescu, the local partners of Clifford Chance, have a sound professional reputation. Daniel Badea specialises in banking and capital market transactions, while Nadia Georgescu covers the M&A, private, equity and real estate investments sectors. In mid-June the official opening of the Gilescu & Partenerii CHSH practice was also announced. Cerha Hempel Spiegelfeld Hlawati (CHSH) is one of the largest and strongest law firms in Austria. The company launched operations in Bucharest in November 2005, jointly with the Gilescu & Partenerii practice. With offices in Vienna, Bratislava, Budapest, Bucharest, Brussels, Warsaw, Gdansk, Katowice, Poznan and Wroclaw, CHSH is set to become a highly influential law firm in the region.
Also these days, Grigorescu si Asociatii became a founding member of bpv legal, a newly established alliance of four law firms which will provide international services to clients in Central and Eastern Europe. The bpv Grigorescu main areas of expertise include corporate law, mergers and acquisitions, competition, banking and financial law, real estate, labour law, public procurement and tax law. “We believe this is an excellent opportunity for us, as a company, to bring into the Romanian market a new concept of alliance, which has not been considered so far by any other Romanian company,” coordinating lawyer Catalin Grigorescu explained.
On the other hand, Casa de Avocatura Bostina si Asociatii (CABA) announced the acquisition of Westdin SA, a Swiss legal counsel firm specialising in international commercial law. Westdin SA has a CHF 100,000 share capital and made CHF 4,000,000 in revenues, with the transaction exceeding CHF 800,000. “We are the first law firm in Romania to make this step, to acquire a Western European legal counsel company, instead of a mere partnership. We have offices opened in Vienna and Nicosia, and acquisition of a legal council firm in Switzerland is a natural step in our international expansion,” explains Doru Bostina, coordinating lawyer at CABA.
The company will be named Bostina & Associates SA, with Doru Bostina a member of the company Board. Last month another two smaller law firms in Spain entered the Romanian market, through a three-party merger. Paving the way for other Spanish law firms, Bernuy Abogados – specialising in tax, bankruptcy and economic criminal law – and Balms Abogados, active in the financing and real estate segment, merged with local Mihai Mares Law Offices. The new company is named Muniz Bernuy Balms & Mares. Romanian lawyer Mihai Mares was appointed managing partner of the new company, with another two partners and five associates to help him.
“We eye a position in the Romanian top ten law firms in Romania in terms of turnover in the next five years,” Mihai Mares pointed out. The business law market has grown increasingly sophisticated over the past few years, as the number and scope of transactions increased. Nestor Nestor Diculescu Kingston Petersen and Musat & Asociatii, i.e. the law firms ranking first in the charts drawn up by ‘Saptamana Financiara’ this year, put the market at approx. EUR 50 M.
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