Do Big Law Firms Have a Future in Moldova?
I was reading with a great interest a post at WSJ's Law Blog called "Can Small Firms Handle Big, Complex Cases?" and comments to it. Really interesting; the author of the post considers the issue whether small law firms can operate effectively in comparison with big many-hundred-lawyers firms...
So, after having read the post and the comments I came to another opposite question. Can we expect BIG law firms to appear in Moldavian legal "market"? Of course, I'm not speaking about five-six hundred lawyers or more in a firm. Even a firm with 50-60 (up to a hundred) lawyers would be considered as a big one for our country. However, there are no such firms. I believe I won't be wrong if I say there are no firms in Chisinau with the number of more than ten lawyers (including partners and senior and junior associates beside supporting staff like secretaries, accountants, etc.).*
The law firms in Moldova servicing the companies demands and dealing with business issues are rather small in size (though many of them show themselves as multi-disciplinary firms with narrow-specialized lawyers. I can't still understand how you can have 10-15 areas of practice with 5-6 narrow-specialized lawyers. Can you?).
So I wonder if a big-law-firm form of operating legal business can be viable in Moldova (with only 4 million people population, that certainly influences the size of business enterprises). I don't have a clear answer to this question. I have some points on this, but nor clear and definite answer. So, if you can add something on this issue your comments are welcome...
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*I'm not saying here about joint attorneys' offices. The have a completely different structure and traditions of work as compared to the Western law firms.
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Labels: Law firms
posted by Alexei Ghertescu @ 2:07 PM
12 comments
12 Comments:
Very interesting post. This is true not only about the law firms but also in many other areas. Moldova is a small country and the size of the companies and businesses is small too.
The likelihood of Moldova (read Chisinau) to attract new of well-established international law firms is very small. Corporate law is an industry that can boom only in proximity of a booming corporate environment, be it financial, informational, manufacturing or any other area. Given that Chisinau (much less other Moldovan cities/towns) has not become a large enough center of any corporate industry.
Until a large enough center of a highly professional corporate industry emerges in Moldova, there is really very little to justify a big law firm.
If they works good than they have future.
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This post is approximately 5 years old and at that this what was the question that if Big law firms have future in Moldova.And that might be answered by now.
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