Badea CC to reach €10 million in 2008

“I believe we are one of the top five law firms in Romania. Actually, the turnover is not always important, but rather clients and the complexity of the transactions,” says Badea. He did not mention the value of the 2007 results, but said his company enjoyed an increase of 85 percent year-on-year.

Among BCC clients are BRD SocGen, real estate developer Impact, copper producer Cuprom, and investment bank Morgan Stanley. According to Badea, less than 1 percent of the firm’s clients are Romanian companies.

The profit per partner is about €1.5 million, market sources said. Daniel Badea preferred not to comment on this information.

“The hourly fee per partner is €500-600. This is quite high for the Romanian market, in line with other markets with a tradition in Central Europe,” added Badea. According to him, the fee per partner in London is €1,000 an hour.

In 2007 BCC’s business was made up of real estate (25-30 percent), mergers and acquisitions (25 percent), capital markets (20 percent), and banking and finance (25 percent).

According to the latest available information, monthly entry level wages at Badea Clifford Chance amount to €1,000.