Starting from the personal financial disclosure statement submitted by Tuca’s wife in 2011, according to which Tuca earned income of EUR4 million, ZF asked whether Zbarcea’s income as managing partner of the firm was similar. He answered “somewhere around that level.”
This is the first time that a top-ranking business lawyer talks about his personal income, although he did not give a specific figure.
Law firm Tuca Zbarcea & Asociatii currently has 100 lawyers, who include 21 partners. Last year the firm had revenues of over EUR20 million, with the profit being shared among 8 equity partners. Equity partners get a share of the profit which is calculated based on a percentage decided in advance, according to Zbarcea.
The average salary for lawyers who are not partners within the firm is between EUR3,000 and EUR4,000 and an entry-level lawyer earns at least 1,000 per month, Zbarcea says.
The revenues of law firm Tuca Zbarcea & Asociatii, one of the top three firms on the Romanian market in terms of revenue, amounted to over EUR20 million last year.
Zbarcea was a guest on Thursday on ZF Live, the business show broadcast on www.zf.ro from Monday to Friday between 10 and 11.
(English version by Daniela Stoican)