Ţuca Zbârcea & Asociaţii has remained the sole Eastern European independent law firm included in this year’s “Financial Times` Innovative Lawyers – FT Law 50” report.
During the fourth edition of the annual “FT Innovative Lawyers Awards”, taking place in London, the Financial Times launched its 2010 edition of the “Financial Times Innovative Lawyers” report, in the presence of more than 400 lawyers and in-house counsels from law firms and leading companies across Europe. Now in its fifth edition, the report presents a unique analysis of innovation in the legal profession – the only ranking established based on an investigation of the innovative ways in which law firms have adapted to changing market conditions and have understood the importance of collaboration, both within the firm and externally.
For the fourth consecutive year, Romania has been represented amongst the elite of the European legal industry, alongside well-known firms such as Clifford Chance, Freshfields, Allen & Overy, Eversheds, DLA Piper, Linklaters, and others.
Ţuca Zbârcea & Asociaţii has proved to be the only independent law firm in Continental Europe to be ranked in the top 15 positions, more so receiving the fourth highest score in the general rankings of the “Financial Times Innovative Lawyers” report (233 points), right after renowned international law firms such as - Clifford Chance (336), Allen & Overy (328) and Eversheds (284).
Considering the overall rankings and the 233 points obtained, in a year in which the competition was more intense and the rankings were decided considering the ways in which the law firms have managed to elaborate and implement new strategies of collaboration in their relationships with their clients, Ţuca Zbârcea & Asociaţii has succeeded to remain one of the most innovative law firms in Europe, obtaining the 14th spot which placed the Romanian independent law firm in front of notable international law firms such as: Garrigues, White & Case, DLA Piper, Uría Mendez, Wolf Theiss, Schoenherr, Slaughter and May, Cuatrecasas Gonçalves Pereira, Herbert Smith, and others.
“We are really happy and honored to be present, for the fourth consecutive year, in the Financial Times` report alongside the most innovative law firms in Europe. It’s a recognition that any law firm aspires to receive. It’s a performance that expresses, in the simplest way possible, our lawyers` dedication towards best assisting and maintaining an excellent collaboration framework with our clients”, said Florentin Ţuca, Managing Partner at Ţuca Zbârcea & Asociaţii.
Ţuca Zbârcea & Asociaţii has received the highest scores in the following categories of the report:
- “Law Firm Brands”, for the innovative approach used in all marketing initiatives and also for the successful implementation of such innovative approaches with the purpose of receiving a higher notoriety attached to Ţuca Zbârcea & Asociaţii’s brand. The firm differentiates itself through its “ambition”, “enthusiasm”, and more so its “loyalty”.
- “Climate change and sustainability 2010”, for developing a legal incentive scheme for renewables: the firm took an active role in proposing and drafting amendments to a law intended to encourage alternative energy production.
- “Client Service”, for the fiduciary services offered to its clients: under the new rules that allow lawyers to conduct fiduciary activities in Romania, the firm acted as an escrow agent to overcome a deadlock and allow a deal to go ahead for one of its clients.
According to the Financial Times’ representatives, a number of 600 submissions were received from law firms across Europe and the top 50 performers were presented in the FT Law 50 index.
About the “Financial Times Innovative Lawyers” 2010:
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 the Financial Times’ journalists for its originality, rationale and impact of the innovation. The law firms are awarded points against key performance indicators and they can then be included in the FT Law 50 table, an index of the top 50 performers.
Also, each submission is judged by expert consultants and knowledgeable observers in the industry. The Financial Times teamed up with RSG Consulting, a specialist legal research company that spent six months researching the report. Over 500 telephone and face-to-face, qualitative, in-depth interviews with lawyers, referees and expert commentators were conducted.
The “Financial Times Innovative Lawyers” report 2010 was launched on October 24th at the Science Museum, London.
More information on the “Financial Times Innovative Lawyers” report is available here.