Revenues are no longer a significant criterion between law firms, which now differentiate through organizational culture and development opportunities.
“Considering the different income taxation systems and lifestyles, we can say that a lawyer makes 15-20 percent more in Romania than in Austria,” said Lindinger. This is because the current deficit of lawyers on the local market, estimated at some 30 percent, is forcing international companies to offer increasingly attractive salaries to sustain company growth.
Schoenherr, and other law firms, are presently in full expansion, due to the market’s general growth. The only limit to their development is due to difficulties to recruit good lawyers on the domestic market. “We intend to double the number of our lawyers in the coming three years, up to 80,” mentioned Lindinger, adding that bringing lawyers from abroad is not a profitable method, as they would have to learn local practices from Romanian lawyers.
“Romanian lawyers are very ambitious, and want to advance very fast. Their main advantage for working abroad is to perfect their business law English,” said Lindinger.
