From May 1, Linklaters' domestic office will have a new managing partner - Dan Torsher, who is currently in charge of the office in Bratislava.
Linklaters Miculuti, Mihai & Asociatii, the domestic office of one of the world's biggest law firms, went through a difficult period last year when Theodor Cominos, appointed as a partner in May, left the firm in September to take a partner position with a London investment fund.
"2007 was a strange year considering it is not often that a recently appointed managing partner chooses to withdraw so soon. The enthusiasm that emerged after his appointment vanished rapidly, but maybe this further motivated me to accept the position," states Marian Dinu, counsel at Linklaters since last September.
Dinu, 34, worked with Linklaters since 1999, and in early 2005 accepted an offer from Petrom, where he ran the law department for almost three years. "(...) I chose Linklaters again because I knew a series of people here and I considered I could find my place more easily," says Dinu, who now fills the position of head of corporate practice, a department that brings around 50% of the firm's revenues. The real estate field contributes around 30-35% to the company's revenues, while the rest is represented by banking services.
Under the influence of last year's transformations, Linklaters' turnover stagnated in 2007, according to the representatives of the law firm, whose communication policy is to report only global revenues.
"For this year, we plan to boost turnover by around 15-20%, consolidate our team and regain a strong presence in certain domains such as mergers and acquisitions, where we haven't been highly visible in Romania in the past 2 years," says Dinu.
Linklaters has around 30 lawyers in Romania and plans to add another 5-6 people by yearend. In terms of lawyers, Linklaters is a medium-sized firm domestically, given that the biggest players have around 70 or even 100 lawyers.
A unit called Emerging Europe was created inside Linklaters, which coordinates the firm's activity on markets where the company is not present with an office. "(...) Last year, around 80% of revenues came from Romania, but is expected to reach over 90% this year," says Dinu.
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