After Spain’s Garrigues withdrew from the local market, Mares worked for a few months at Musat & Asociatii (Musat & Partners) and in September set up his own law firm, with a team of around 10 lawyers.
“After the time spent with Zamfirescu Racoti Predoiu, I decided to try something else. The two of us have known each other for some time and we have lately explored our compatibilities, and they are real -both on a personal level and in terms of the kind of firm we want to build and our objectives,” Danilescu told ZF.
“We intend to collect revenue of EUR1 million in 2012. (…) At present, 70% of the firm’s clients are international companies and we don’t want this percentage to fall below 50-55%,” says Mihai Mares, who will continue to be managing partner of the firm.
Within ZRP, Danilescu was active especially on the mergers and acquisitions segment, assisting companies such as Heidelberg Cement and Fortis Lease in transactions, as well as several Scandinavian investors in the purchase of around 20,000 hectares of forest.
The local legal market, valued at around EUR200 million, currently consists of a group of extremely strong local firms at the top of the hierarchy, followed by around 20 law firms of younger lawyers, some of which have been placed under the umbrella of foreign firms.
(English version by Daniela Stoican)