Law firm Danila, Petre & Asociatii expands to fiscal consultancy, expects to double its turnover in 2011

Danila, Petre & Asociatii has launched a new branch focusing on fiscal consultancy, as well as asset and debt recovery, Danila, Petre & Asociatiii Consultanta Fiscala. Danila, Petre & Asociatii thus expects to double its turnover in 2011. The law firm will also be taking over 25 percent of the shares at Active Recovery, an asset and debt recovery firm created in 2009.

The new law firm holds as shareholders attorneys Luminita Danila, Cristian Petre, Nicoleta Grama, all part of the main law firm, as well as economists Adriana Diaconescu and Mirela Cainaru. At the moment Danila, Petre & Asociatii is dealing with over 400 cases of insolvency, representing around 52 percent of the firm’s total number of files.

“The extension to this field was a natural and normal step, which will help us meet our clients’ needs by diversifying the range of supplied products. The Romanian fiscal system is going through times of major changes. All of these have represented a challenge, as well as a motivation to keep up with present and future changes and to offer integrated services to our clients”, says Luminita Danila, senior partner at Danila, Petre & Asociatii.

Danila, Petre & Asociatii has also announced on Wednesday that it is presently working on a transaction to be finalized by the end of 2010 and which is expected to amount to last year’s record of EUR 5 million. The transaction is in the agricultural sector and consists in an acquisition.

Danila, Petre & Asociatii was created in 2003 by founding partners Luminita Danila and Cristian Petre and offers assistance on all the legal issues. Currently, the law firm is working with 17 employed lawyers and 6 permanent collaborators. By the end of the year, 4 new attorneys will be employed.