bpv GRIGORESCU`s expansion triggers the office relocation to a new highly-rated address

bpv GRIGORESCU`s expansion triggers the office relocation to a new highly-rated address - 25 January 2008

In less than 2 years from its establishment, due to rapid business growth, independent Romanian law firm bpv GRIGORESCU will relocate into a state–of-the-art historic building in central Bucharest.

Starting 4 February 2008 the new address of bpv GRIGORESCU will be 33, Dionisie Lupu Street, in the historic villa “Miclescu – Bossy”, a building fully reconverted into a modern office facility, while keeping its heritage architecture and original decoration.

“We needed office space that had to be suitable in terms of both representation and functionality, as well as supportive of our planned growth in the following years. We are very satisfied with the outcome, achieved with the great support offered by Colliers, as the new location is a special building with state-of-the-art facilities creating an excellent working environment”, says Catalin Grigorescu, Managing Partner of bpv GRIGORESCU.

“Due to the fact that the villa is located in the close proximity of a multitude of historic buildings, we intend to keep it in the artistic circuit and support the urban culture events taking place during the summer of 2008 on Verona Street”, continued Catalin Grigorescu.

The relocation was a prerequisite for bpv GRIGORESCU law firm in order to cope with the fast pace of its business growth. Upon its establishment in 2006 the firm started with 8 lawyers and now the team counts for 18 professionals specialised in different areas law. In 2008 the team will increase by an anticipated 10 professionals. The location provides appropriate office space for approximately 40 professionals, plus administrative staff and an extension possibility in a connected building which is part of the second stage development of the property.

At the same time the portfolio of clients grew at a constant rate allowing for the firm to gain recognition, increase its prestige and expertise. The fastest growth was achieved by the Corporate and M&A practice area. In the last half of 2007, among other projects, bpv GRIGORESCU was involved in 3 major M&A transactions: the sale of Best Distribution (part of RTC Holding) to the Greek company CD Media, the acquisitions of BIP (leading local sales and marketing outsourcing company) by British company IMSG and the sale of Pay Store (subsidiary of RTC Holding) to PayPoint plc. “We built a strong team of lawyers with expertise in Corporate and M&A. This practice area contributed by more than 40% to our last year`s turnover of slightly over EUR 2.3 million”, says Catalin Grigorescu. “We have reasonable expectations that our 2008 turnover will exceed EUR 3 million.”

In 2007 bpv GRIGORESCU was ranked in top positions in reputable international Legal Directories – “Chambers and Partners”, “The Legal 500”, “IFLR” and “PLC Which Lawyer?”.