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Romania > Legal market overview > Law firm and leading lawyer rankings

Editorial

Who Represents Who

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A major development in Romania’s political landscape was the removal of Prime Minister Sorin Grindeanu from power in the wake of a controversial ordinance bill passed in January 2017, which was viewed by many as aiming to decriminalise low-level government corruption. Following public protests and a vote of no confidence, Grindeanu’s premiership was terminated and his former Minister of Economy, Mihai Tudose, became Prime Minister in June 2017 – only to resign seven months later. At the time of writing, Viorica Dăncilă is Prime Minister, making her the first woman to hold the post.

Anti-corruption measures remain a key concern and August 2017 saw the introduction of a new split payment mechanism for VAT and alterations to the tax code as a means of tackling tax evasion. Nonetheless Romania’s economy continues to thrive, with the M&A and real estate markets key areas of activity for many firms.

FIRMS IN THE SPOTLIGHT

Leroy Si Asociatii

Leroy si Asociatii is one of Romania’s leading and fastest growing independent law firms. With more than 20 years of experience in the Romanian market, the firm has gained national and international recognition for its contribution on some of the most significant investments and transactions in Romania.

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FIRMS IN THE SPOTLIGHT

Voicu & Filipescu SCA

Voicu & Filipescu was established in 2001 by Romanian lawyers Daniel Voicu and Mugur Filipescu who at that moment took over the Romanian office of the international law firm Arent Fox Kitner Plotkin & Kahn LLP. Ever since its establishment, Voicu & Filipescu has been one of the top ten Romanian law firms in terms of turnover, market position and reputation. Today the group includes the law firm, a dedicated tax and accounting company and a specialised insolvency practice.

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FIRMS IN THE SPOTLIGHT

Popovici Niţu Stoica & Asociaţii

Popovici Nitu Stoica & Asociatii is a leading Romanian independent law firm. Established in 1995 as one of the first incorporated partnerships, the firm brings together strong local resources with exceptional credentials, outstanding records and distinguished careers in law, business and academia. The Bucharest office today groups 80 qualified lawyers and tax advisors. Focusing traditionally on the private sector and to foreign investment projects, Popovici Nitu Stoica & Asociatii is acknowledged by the vast majority of observers and peers as ‘the transactional law firm’ among the market leaders.

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This combination of political, legal and economic developments contributes to the sophisticated and highly competitive nature of the legal market. Bucharest remains the locus of the most important legal work; strong practices outside the capital remain scarce despite the economic and social presence of other cities such as Cluj-Napoca and Timișoara.

The Romanian currency is the leu (pluralised as lei), denoted throughout as RON (Romanian New Leu).

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