ZF English

Muşat: Receipts rose by 15-20% in the first 4 months

Autor: Cristi Moga

08.05.2011, 23:37 42

Lawyer Gheorghe Muşat, founder of Muşat & Asociaţii lawfirm, one of the strongest players on the market, is speaking aboutimproving receipts after two years in which the crisis cut thefirm's turnover by one third, from 15.3m euros in 2008 to 10.1meuros in 2010.

Recession has hurt business lawyers as well, as a lot ofinvestment projects have been blocked and companies have curbedtheir budgets, inclusively for legal consultancy, but lawyers arein their turn starting to speak about a pick-up in demand and notnecessarily on the litigation or restructuring area, but inproduction as well.

"2011 is a year of transition, of leaving the crisis behind inthe world of business. The private sector is registering a reboundand I'm referring to large players in industrial production, firmsthat put projects on hold, investments that were halted and are nowbeing reactivated," Muşat, 61, told ZF.

The rising investment appetite can be seen in the work volume ofMuşat & Asociaţii, a firm that includes around 100 lawyers andthat ranked 3rd in terms of receipts in 2010, with 10.1m euros. "Inthe first 4 months there was a 15-20% increase and the upward trendwill undoubtedly continue. (…)," said Muşat.

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