Law firms prepare merger

Law firms Voicu & Filipescu, and Stefanica Dutu & Asociatii (Stefanica Dutu & Partners) are currently involved in talks to merge, which would create a new entity listed among the top law firms on the local market, which is approaching annual revenues worth over 200 million euros. According to preliminary discussions the new entity, which will be called Voicu Filipescu, will employ over 50 lawyers, and derive revenues estimated at over 6 million euros. “We have decided it is best for us to merge, because this will give us a much stronger presence. If we have more lawyers, we will be eligible for much larger projects. Stefanica & Dutu have a team of experienced lawyers that will allow us to deal with major projects, and together we can become a much stronger force on the market,” Daniel Voicu told ZF. Daniel Stefanica says, with the future of his business in mind, that it is better to become partners with another firm.