The Romanian law market is to have a sustained development pace in niche segments after Romania gets integrated into the EU on January 1, 2007, Ziarul Financiar daily reports.The value of the business law market was estimated at some 100 million euros last year, and the predictions about the increases in the years to come refer to such law segments that are mainly related to the competition and environment protection fields.
 
Florentin Tuca, managing partner with Tuca Zbarcea & Associates, considers that after the accession the niche law will develop and a concentration of the specializations in the competition area, real estate law, environment law and international arbitrage is to be expected. "Step by step, the multidisciplinary approaches to the law aspects will be more and more numerous.

For instance, the legal assistance corroborated with the economic and strategic analysis on competition issues is a premiere in Romania," Tuca says.

In the opinion of Cristina Filip, a partner with Nestor Nestor Diculescu Kingston Petersen, an increase in the significance and volume of some law domains such as those related to labour relations and social security, environment protection and sustainable development, commercial practices and policies compatible with a normal competitive environment is to be expected.

Besides the specialization a significant increase is to be expected in the volume of the activities related to the funds management or securities for customers and in connection with a legal assistance and consultancy mandate.

Lawyer Valeriu Stoica appreciates that the country's integration with the EU will be marked by an increase in the foreign investments, which, on the business law market, will bring a larger number of customers assisted in daily activities, in merger operations and in corporate acquisitions as well as the development of the assistance activities in law fields such as intellectual property and competition.

The main law firms got better results in the first half of the year. In the estimations for this year, the managers of law firms predict some 15-30 percent increases in business.

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