Law firms merge to create new entity

The merger between law firms Calin Zamfirescu & Asociatii and Racoti Predoiu has been completed, thus creating a new player on the market. Zamfirescu Racoti Predoiu, which comprises two of the best-known brands on the business law market, will become operational on January 1 2006, Catalin Predoiu announced at the end of last week. He will become a managing partner of the new law firm. The Board of the Bucharest Bar Association has already sent the decision whereby it takes note of the unification of those involved in this operation. The new player, with a larger critical mass, will start out with 30 lawyers, capable of “providing an integrated service to its clients and access any kind of project on the Romanian market,” Predoiu says. The merger process commenced this spring and went through several stages in order to make the activities of the two law firms compatible, as they were focused on different lines of activity – the devising of joint working procedures, getting lawyers from the two firms to work together, and the creation of a joint data base. “Whereas neither of us had access to certain projects when we were operating separately, because we were unable to allocate certain resources, especially to big projects, things will change now,” explains Calin Zamfirescu, one of the partners of the new company. ZF