Financial Times: Tuca Zbarcea & Asociatii, Third Most Innovative Law Firm in Continental Europe

Publish date: 08-10-2012
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In the words of the 2012 Financial Times' Innovative Lawyers report, "forward-thinking client services to help businesses invest and grow in this developing market keep Tuca Zbarcea & Asociatii fresh”.

During the annual FT Innovative Lawyers Awards gala, which took place in London at the end of last week, the Financial Times newspaper launched the 2012 edition of its Innovative Lawyers report, in the presence of more than 400 lawyers and in-house counsels from law firms and leading companies across Europe.

For the sixth consecutive year, Romania was represented amongst the elite of the European legal industry, alongside well-known firms such as Freshfields, Allen & Overy, Baker and McKenzie, Linklaters, Ashurst, Garrigues, Slaughter and May, Simmons & Simmons, Hogan Lovells, Uria Menendez, Skadden Arps and others.

Tuca Zbarcea & Asociatii came third in the Most Innovative Non-UK European Law Firms table. With a score of 54 points, Romania claimed a place on the podium alongside Garrigues (70 points) and Uria Menendez (59 points). The Romanian independent law firm outdid 12 other well-known international law firms from Spain, Italy, Portugal, France, Ireland, Germany and the Netherlands: Cuatrecasas, Portolano Cavallo, Gide Loyrette Nouel, Noerr, Houthoff Buruma, NCTM, Gomez-Acebo y Pombo, and NautaDutilh. 

"When I learned that we'd achieved third place in the Non-UK European law firms table, my thoughts went out to all our esteemed clients and competitors - as they have significantly contributed to our getting stronger year after year. My most heartfelt thoughts, however, went to our team of lawyers and staff, to whom we owe what we are today: without them, we would have been just another ordinary law firm,” said Gabriel Zbarcea, Managing Partner at Tuca Zbarcea & Asociatii and the firm's representative at the awards gala in London.

Tuca Zbarcea & Asociatii remained the sole Eastern European independent law firm included in this year's Financial Times' Innovative Lawyers report, scoring highest within the following categories:

  • Most Innovative Firms in Corporate Strategy, for joining forces with Grayling, the public affairs firm, to create a new market and service for clients;
  • Most Innovative Law Firms in Client Service, for developing a free online tool - - to navigate the changes brought about by the new civil code in Romania;
  • Most Innovative Law Firms in Dispute Resolution, for unblocking Romania's largest foreign direct investment, worth $4 billion;
  • Most Innovative Firms in Private Client Work, for ensuring Putna Monastery, a World Heritage Site, won its controversial dispute with the Romanian state.

Based on its total report score, Tuca Zbarcea & Asociatii also made the awards shortlist in two categories, the Most Innovative Law Firm in Continental Europe and Most Innovative Law Firm in Corporate Strategy.

"I felt overwhelmed at the sight of literally hundreds of lawyers gathered in the sumptuous ballroom of the National History Museum. Europe's most innovative legal minds were there, hoping for the best possible outcome for them and their law firms. I simply cannot describe the joy I felt when our law firm was nominated twice for an award,” said Gabriel Zbarcea of the highly charged night of the awards ceremony.

Tuca Zbarcea & Asociatii was the only independent law firm in Eastern Europe to be ranked among the top 20 places in the FT Law 50 index of the best performers within the Financial Times' Innovative Lawyers report.

Now in its seventh edition, the report presents a unique analysis of innovation in the legal profession - the only ranking established through an investigation of the innovative ways in which law firms throughout Europe have adapted to the changing market conditions.

The final rankings of the Financial Times' Innovative Lawyers 2012 report were based on 600 submissions and more than 500 telephone interviews with senior lawyers and executives conducted during a five-month period . More than 150 legal firms, teams and other organizations participated in the European report this year.

About the 2012 Financial Times' Innovative Lawyers report:

The Financial Times' Innovative Lawyers report illustrates innovation in the legal industry. Every year, law firms and companies across Europe are invited to put forward submissions for one or more of the categories in the report.

Each submission is then thoroughly assessed by Financial Times journalists for the originality, rationale and impact of the innovation. The law firms are awarded points against key performance indicators and may then be included in the FT Law 50 table, an index of the top 50 performers. 

Each submission is judged by expert consultants and knowledgeable observers in the industry. The Financial Times has teamed up with RSG Consulting, a specialist legal research company with 20 years of experience in analyzing the legal profession.

The 2012 Financial Times' Innovative Lawyers report was launched on October 4th at the National History Museum, London.

More information on the report is available here:â 

About Tuca Zbarcea & Asociatii:

With offices in Bucharest and Cluj-Napoca, Tuca Zbarcea & Asociatii is the sole independent Romanian law firm with a representative office in Spain. In addition to its business partnership network in Romania, the firm also entered into a strategic "best friend” cooperation agreement with law firm Turcan Cazac, the leader of the business law market in the Republic of Moldova. 

Tuca Zbarcea & Asociatii offers the whole range of legal services, and has been recommended by prestigious specialised international directories in areas of practice such as: corporate & commercial; mergers, acquisitions & privatisation; litigation & international arbitration; energy & natural resources; banking & finance and others.

The firm has garnered a string of local, regional and international accolades, having been named the "Law Firm of the Year” for four consecutive years and the "Most Innovative Continental European Law Firm” in the Financial Times' Innovative Lawyers Report. The firm is a winner of the "Law Firm of the Year Award: Romania” (IFLR European Awards 2012) and the "Best Managed Workplace Award” (Managing Partners' European Leadership Awards 2012). It also received the "Law Firm of the Year Award” (Chambers Europe Awards for Excellence 2010), the "Law Firm of the Year in Eastern Europe and the Balkans Award” (The Lawyer European Awards 2010).

Tuca Zbarcea & Asociatii's client portfolio comprises many local and international companies, prominent financial institutions, as well as public authorities and government institutions. A selective list of clients includes: Erste Bank / Banca Comerciala Romana (BCR), OMV Petrom, CEZ, Gabriel Resources Ltd. / Rosia Montana Gold Corporation, Rompetrol, ArcelorMittal, Carrefour, Romtelecom, Orkla Foods, Colgate-Palmolive, GED Capital Development, the Bucharest Stock Exchange, BRD-Groupe Societe Generale, the European Bank for Reconstruction and Development (EBRD), Philip Morris, Alstom Transport, Siemens, Ericsson Telecommunications Romania and ING Real Estate.

Tuca Zbarcea & Asociatii now boasts 95 lawyers.

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