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September 24, 2021
BUSINESS

TZA: A more active presence at a regional and international level, in 2011

Tuca Zbarcea & Asociatii (TZA) earned most of its revenues last year from energy and natural resources, corporate and M&A, and litigation and arbitration work, each contributing 25%, according to a press release remitted to Nine O’clock. Throughout 2010, the firm also won various roles on high-profile projects, acting on behalf of a raft of international clients such as Rompetrol Rafinare – a member company of Rompetrol Group (owned by KazMunaiGaz, the leading Kazakh oil producer), Sofiprotéol/Saipol, and Gabriel Resources Ltd. / Rosia Montana Gold Corporation.


According to firm officials, the figures do not include the income generated by its secondary office in Cluj-Napoca or the revenues obtained by the firm’s separate insolvency and intellectual property units.
“On the same note, lateral hiring has been a crucial element of the firm’s growth strategy, with various high-profile additions in 2010 and a significant round of 11 internal promotions, including 6 new partner appointments”, said Florentin Tuca, Managing Partner at Tuca Zbarcea & Asociatii. Gabriel Zbarcea, also Managing Partner, commented that approximately 95% of the firm`s reported gross revenues had come from the private sector. “The economic conditions remained tough and 2011 will most likely continue to be an up-and-down year, despite signs of slow economic recovery”, he added.


On the other hand, The Law firm posted a slight drop in gross revenues from 22.7 million Euros in 2009 to 22.4 million Euros for 2010.


For 2011, firm officials predict a flat year with zero revenue growth. Plans for the year include a more active presence at a regional and international level, further internal team appointments and lateral hiring, and the launch of new business services.

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