Ziarul Financiar today publishes the ranking of the 100 leadinglaw firms in Romania, which employ 1,500 business lawyers. Theyearn between EUR6,000 and EUR1.5 million a year. The annual ZFsupplement gives a detailed account of one of the most competitivesectors - business law.
Who are those who earn one million euros per year at 30, who arethe lawyers who sign their name to merger and acquisition contractsworth hundreds of millions of euros and how can a law schoolgraduate be part of this rarefied world of business lawyers?
The over 1,500 business lawyers, many of whom also studiedabroad, make yearly incomes that start from around EUR6,000 forjuniors and can reach EUR1.5-2 million for key positions within thecompanies.
Overall, the 100 firms included in the yearbook, which have themost lawyers registered with the Bucharest Bar Association, invoicearound EUR200 million worth of services provided to the biggestcompanies, as well as to small entrepreneurs, around EUR100 millionof which is accounted for by the net profit of partners, firms'leaders.
How much experience is required in order to become partner insuch a law firm? The youngest partner in a top-30 law firm is just28, while the average age of lawyers in these firms is around 30,which means five or six years' experience on a market that hasboomed in the last decade.
Major firms such as Popovici Niţu & Asociaţii, Schoenherr,PeliFilip, and Badea Clifford Chance are run by 35-36 year-oldlawyers, who can earn more than EUR1 million in net income each ina good financial year.
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