Ziarul Financiar today publishesthe ranking of the 100 leading law firms in Romania, which employ1,500 business lawyers. They earn between EUR6,000 and EUR1.5million a year. The annual ZF supplement gives a detailed accountof one of the most competitive sectors - business law.
Who are those who earn one millioneuros per year at 30, who are the lawyers who sign their name tomerger and acquisition contracts worth hundreds of millions ofeuros and how can a law school graduate be part of this rarefiedworld of business lawyers?
The over 1,500 business lawyers,many of whom also studied abroad, make yearly incomes that startfrom around EUR6,000 for juniors and can reach EUR1.5-2 million forkey positions within the companies.
Overall, the 100 firms included inthe yearbook, which have the most lawyers registered with theBucharest Bar Association, invoice around EUR200 million worth ofservices provided to the biggest companies, as well as to smallentrepreneurs, around EUR100 million of which is accounted for bythe net profit of partners, firms' leaders.
How much experience is required inorder to become partner in such a law firm? The youngest partner ina top-30 law firm is just 28, while the average age of lawyers inthese firms is around 30, which means five or six years' experienceon a market that has boomed in the last decade.
Major firms such as Popovici Niţu& Asociaţii, Schoenherr, PeliFilip, and Badea Clifford Chanceare run by 35-36 year-old lawyers, who can earn more than EUR1million in net income each in a good financial year.
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