This is the 14th edition of the Lexology Insights Bucharest Law firm compensation, benefits and billing report (previously known as the Legal Market Intelligence Report). It was prepared on the basis of in-depth research carried out during December 2020 and January 2021. The results are based on data supplied by 10 participating law firms. The report was researched by Gwilym Davies of Lexology Insights. We intend to repeat this exercise annually, addressing any fluctuations in the market, along with new areas as suggested by respondents. For this reason, we remain eager for feedback on the usefulness of the findings and on how the report’s format and relevance can be improved. © Law Business Research 2021 2 Lexology Insights – Bucharest law firm compensation, benefits and billing report 2020/2021 Foreword Profile of participating law firms We would like to express our appreciation to all of the law firms that provided their time and cooperation in the preparation of this report. Their identity is confidential. All of the law firms surveyed are experienced in advising international and domestic clients across a range of corporate, financial and general business areas. The sample of participating firms breaks down as follows: • All law firms (total sample for data analysis) – 10 • International law firms – 5 • Domestic law firms – 5 No data analysis was undertaken for groups whose sample size was considered too small. However, data for these firms is included in the “All firms” data analysis sections. For the purposes of this report, only those firms with recognised commercial practices were interviewed.