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FT Law 50 2009

Rankings at a glance
2009 Rank7
2008 Rank18
2009 total score for ALL entries submitted288
2009 score band for ALL entries submitted (/10)8
Number of standout entries in FT REPORT2
Number of highly commended entries in FT REPORT1
Number of commended entries in FT REPORT4
2009: total weighted score for ranked entries in FT REPORT14
2009 Score band for ranked entries in FT REPORT (/10)5
2008: total weighted score for ranked entries in FT REPORT5
2008 score band for ranked entries in FT REPORT (/5)1
2009 Profits per Equity Partner (PEP) (£k)924
2009 Score band for PEP (/5)3
Assessment of management commitment and innovation value to firm (/20)18
Total Innovation Score in the FTLAW50 (/50)35

Billing and Fees 2009

Rankings at a glance
Award levelStandout
InnovationRisk-sharing with banking clients
Originality8
Rationale7
Impact6
Total21
DescriptionDeferring its own fee payments, the firm has become party to the banks’ loan portfolio risk. It has also encouraged banking clients to support struggling borrowers

Billing and Fees 2009 (2)

Rankings at a glance
Award levelHighly commended
InnovationFixing fees in time of currency fluctuations
Originality6
Rationale7
Impact5
Total18
DescriptionAs part of the firm’s strategy to share risks, it shielded key clients from volatility in the exchange rate between the Romanian lei and the euro

Changing the rules 2009

Rankings at a glance
Award levelCommended
InnovationCreating Romania's first memorandum of understanding to facilitate the country's largest foreign direct investment
Originality7
Rationale5
Impact5
Total17
DescriptionThe firm acted for Austrian voestalpine AG on the complex project financing of an integrated iron and steel mill in the Black Sea. The project has made the government aware of the need for legislative change in the future, but the impact has been limited due to the credit crisis

Continental European Firms 2009

Rankings at a glance
Rank1
CountryRomania
Weighted score14
Total score288

Financial Crisis and the downturn 2009

Rankings at a glance
Award levelCommended
InnovationSpecialist insolvency unit
Originality5
Rationale5
Impact6
Total16
DescriptionFour partners certified as insolvency practitioners and established a separate business to provide legal, financial and accountancy advice

Financial Services 2009

Rankings at a glance
Award levelCommended
InnovationReshaping of Erste’s Romanian asset management company
Originality5
Rationale6
Impact5
Total16
DescriptionStrategic end-to-end advice on an unusual restructuring effectively neutralised an unwieldy small shareholder base

Government 2009

Rankings at a glance
Award levelCommended
InnovationDefending the Romanian legislative elections
Originality4
Rationale7
Impact6
Total17
DescriptionThe 2008 elections faced a legal challenge that if successful would lead to political paralysis just as the economic crisis began. Tuca intervened to offer pro bono assistance and defeat the challenge

Law firm management 2009

Rankings at a glance
Award levelStandout
InnovationComprehensive credit crisis response
Originality6
Rationale9
Impact7
Total22
DescriptionConsidering the firm’s internal challenges as well as those of its clients, from discounting fees to setting up an insolvency practice and a crisis knowledge centre. Resulted in 70 per cent of clients saying they would continue to instruct the firm

FT Law 50 2008

Rankings at a glance
2008 Rank18
2007 Rank16 (-2)
2008: Total score for ALL entries submitted275
2008: score band for ALL entries submitted (/10)6
Number of standout entries in FT REPORT0
Number of highly commended entries in FT REPORT1
Number of commended entries in FT REPORT3
2008: total weighted score for ranked entries in FT REPORT5
2008: score band for ranked entries in FT REPORT (/10)2
2007: total weighted score for ranked entries in FT REPORT0
2007: score band for ranked entries in FT REPORT (/5)0
2007: Profits per Equity Partner (PEP)-[1]
2007: score band for PEP (/5)2
Assessment of management commitment and innovation value to firm (/20)11
Total Innovation Score in the FTLAW50 (/50)21
Footnotes

1. Estimate based on RSG Consulting research. PEP figures taken from The Lawyer magazine 2008 and RSG Consulting research.

Marketing & PR 2008

Rankings at a glance
Award LevelCommended
InnovationCircumventing Romanian rules restricting law firm marketing through www.bizlawyer.ro.
Originality6
Rationale5
Impact5
Total16
DescriptionThe website acts as a bridge between the Romanian legal community and those of other countries. The firm teamed up with Bullet Media to produce a comprehensive resource that acts as a service to other law firms.

Responsible Business 2008

Rankings at a glance
Award LevelCommended
InnovationPro bono support to national and international communities.
Originality6
Rationale6
Impact6
Total18
DescriptionFirst free legal assistance programme for Romanian nationals in Italy. Proactive response to a diplomatic crisis triggered by the murder of an Italian by a Romanian national.

Billing and Fees 2008

Rankings at a glance
Award LevelCommended
InnovationRisk-sharing in international arbitration.
Originality5
Rationale6
Impact4
Total15
DescriptionInnovative for the Romanian market to use different rates for different types of work.

Continental European Firms 2008

Rankings at a glance
Rank3=
Founding date2005
CountryRomania
Total Report score275
Total weighted score5

Corporate- Europe 2008

Rankings at a glance
Award LevelHighly Commended
InnovationThe first application of the EU Electricity Directive in Romania.
Originality6
Rationale6
Impact6
Total18
DescriptionThis ground-breaking work centred on the unbundling requirements of electricity companies. It has laid the foundations for the future legal shape of Romania's electricity suppliers.