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Romania law firm compensation, benefits and billing report 2017

Published: January 2018
Pages: 40
Code: 72E5435CC43CCC3AFE8FEC1F6DEDB6C2
Format: PDF
Publisher Lexology Insights
From Add to basket
$ 1,950.00
This survey was prepared on the basis of in-depth research carried out during December 2017 and January 2018. The results are based on data collected from 12 of the leading law firms in Bucharest. The report was researched by Gwilym Davies of Lexology.
Market overview
The Romanian economy continues to grow quickly, with its current annualised gross domestic product (GDP) growth rate of 8.8% the highest in mainland Europe.
Despite healthy macroeconomic figures, Romania remains hamstrung by a volatile political landscape and its seemingly endless struggle to overcome corruption at all levels of government.
Significant changes to the Romanian Tax Code were implemented on January 1 2018, which include a shift in the burden of social charges from employer to employee and a change in income tax rates.
Compensation and human resources
Over the past year, average levels of compensation for like-for-like levels of associate seniority tended to increase slightly among the total sample of firms surveyed.
Billing
Average like-for-like standard billing rates for associates tended to increase during the past year.
The average realisation rate recorded during the last financial year among the firms surveyed stands at 87%.
The average billable hour target for associates among the firms surveyed stands at 1,276 hours a year. Law firms that participate in our confidential research surveys are eligible for a 40%+ discount on the price of this report. For details on how to participate and purchase at a discounted price, and for pricing of customised multi-country report packages contact Gwilym Davies at gdavies@GlobeBMG.com or on +44 (0) 20 7940 6858.

Companies Mentioned

Only aggregated data is presented
  • Executive summary
  • Foreword
  • Profile of participating firms
  • Methodology
  • Key to tables and charts
  • Introduction
  • Market overview
  • “Quote… unquote”
  • Compensation trends
  • Headcount growth
  • Billing
  • Tables and charts
  • Base compensation
  • International law firms
  • Table 1 Monthly compensation for self-employed fee-earners
  • Chart 1 Monthly compensation for self-employed fee-earners – median, 25th and 75th percentile firms and average salary band range values
  • Domestic law firms
  • Table 2 Monthly compensation (fee-earners)
  • Chart 2 Monthly compensation for self-employed fee-earners – median, 25th and 75th percentile firms and average salary band range values
  • All law firms (total sample)
  • Table 3a Monthly compensation for self-employed fee-earners
  • Chart 3.1 Monthly compensation for self-employed fee-earners – median, 25th and 75th percentile firms and average salary band range values
  • Table 3b(i) Monthly compensation for support staff (pre-January 2018 Romanian Tax Code changes)
  • Table 3b(ii) Monthly compensation for support staff (pre-January 2018 Romanian Tax Code changes) [continued]
  • Chart 3.2a Monthly compensation for support staff (preJanuary 2018 Romanian Tax Code changes) – median, 25th and 75th percentile firms and average salary band range values
  • Table 3c(i) Monthly compensation for support staff (post-January 2018 Romanian Tax Code changes – estimated gross salaries)
  • Table 3c(ii) Monthly compensation for support staff (post-January 2018 Romanian Tax Code changes – estimated gross salaries) [continued]
  • Chart 3.2b Monthly compensation for support staff (postJanuary 2018 Romanian Tax Code changes – estimated gross salaries)
  • Bonuses
  • All law firms (total sample)
  • Table 4a Bonus eligibility
  • Table 4b Prevalence of bonuses
  • Benefits and allowances
  • All law firms (total sample)
  • Table 5a Benefits and allowances (education/equipment)
  • Table 5b Benefits and allowances (health and lifestyle)
  • Table 5c Benefits and allowances (travel/food/social)
  • Staff ratios and demographics
  • All law firms (total sample)
  • Table 6a Average personnel ratios
  • Table 6b Average female/male demographic ratios
  • Table 6c Average size of sample offices
  • Billing rates
  • International law firms
  • Table 7 Standard billing rates
  • Chart 7 Standard billing rates – median, 25th and 75th percentile firms and average billing band range values
  • Domestic law firms
  • Table 8 Standard billing rates
  • Chart 8 Standard billing rates – median, 25th and 75th percentile firms and average billing band range values
  • All law firms (total sample)
  • Table 9 Standard billing rates
  • Chart 9 Standard billing rates – median, 25th and 75th percentile firms and average billing band range values

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