Some law firms seem to have already come out of the crisis andstarted to report significant revenue increases, with Popovici Niţu& Asociaţii, the firm coordinated by Florian Niţu and ErnestPopovici recording 9.1 million euros in revenues last year, up28%.
"We ended 2010 with an around 30% increase in operations, which hasalready been reflected in our turnover. It exceeded 9 million eurosin revenues collected for legal services, Florian Niţu, managingpartner of Popovici Niţu & Asociaţii, told ZF.
Niţu cites five factors as drivers of the revenue increase, i.e.mergers & acquisitions operations, a balanced portfolio ofclients (entrepreneurs, institutional investors and strategicinvestors), involvement in renewable energy projects worth acumulated 3.5 billion euros, expanding the volume of legal andfiscal consulting and expanding the litigations and arbitrationpractice.
"We have consolidated our position as leader of the mergers andacquisitions market and of the real estate segment (according tothe DealWatch analysis i.e.), managing to raise the number ofmergers and acquisitions in which we were involved, with 21finalised transactions, as well raising our work volumeexponentially," says Niţu, who has lately been involved inrestructuring the real estate portfolio of Austrian groupImmofinanz, which has nearly 900 million euros in assets on theRomanian market, being the most powerful investor on themarket.
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