“The areas in which we will continue to see interesting transactions are energy, real estate, IT&C, financial services, and mergers and acquisitions,” said Gheorghe Musat, Managing Partner of Musat&Associates in a statement for Business Standard.

The personnel deficit, estimated last year at 30 percent by Ion Nestor, head of the largest local law firm, Nestor Nestor Diculescu Kingston Petersen, will increase, due to a significant rise in business generated by foreign investors.

“Wages presently paid to top attorneys seem huge compared to three or four years ago, but the market is much more sophisticated, and the law firms are more competitive,” says Nadia Badea, Partner of Badea Clifford Chance, local branch of London-based Clifford Chance

As investors have expanded their interest to the rest of the country, law firms who have opened branches has also suffered from a lack of personnel.

“It is especially hard for us to find good lawyers throughout the country for our territorial offices. We are trying to attract young lawyers with potential, said Doru Bostina, coordinating lawyer of Bostina & Associates, whose firm has 13 offices outside Bucharest.