Romanian law firm Reff si Asociatii’s revenues up 24% in first half of the year

Romanian law firm Reff & Asociatii, a member of Deloitte Legal, recorded a 24 percent year-on-year increase in revenues in the first six months of 2013. Moreover, the firm expects to exceed the EUR 3.5 million revenue plan it set for the fiscal year ending June 2014. Between January and June this year, the law firm was involved in acquisition deals worth over EUR 270 million. The team assisted New Europe Property Investments (NEPI) with its most recent transactions in Romania, including the acquisition of the office building Lakeview from AIG/Lincoln Lakeview, the acquisition of a 70 percent stake in the development of the Mega Mall shopping center in Bucharest and the acquisition from Bel Rom of the Severin Shopping Center in Drobeta Turnu Severin. Reff si Asociatii’s banking team worked on projects worth more than EUR 300 million in the first half of the year, while the joint teams of insolvency, banking lawyers and litigators assisted creditors or debtors in insolvency cases worth more than EUR 80 million. Capital markets mandates this year included advice on cross border rights issues, dividend election circulars, stock option plans and securities compliance in matters worth more than EUR 110 million, according to the company. In the energy sector, Reff si Asociatii’s team has given advices on an increasing number of renewable energy deals that involved solar and wind projects with a total capacity of more than 260 MW. Reff si Asocatii is a member of Deloitte Legal, a network of legal practices working with Deloitte all over the world. Irina Popescu, irina.popescu@romania-insider.com (In picture, Alexandru Reff, partner Reff & Asociatii)