bpv Grigorescu law firm, run by Cătălin Grigorescu, merged with the firm of lawyer Daniel Ștefănică with a view to creating a new top 10 player on the business law market, with this year’s revenue target pointing to around 3.5-4m euros.

Grigorescu, 35, and Ștefănică, 41, have known each other ever since 1994, when they were in college, and planned to merge four or five years ago. Ștefănică at that time worked in a bigger firm, while things are quite the opposite now: Grigorescu has a team of 26-27 lawyers, while Ștefănică comes with part of the 7-8 people he works with, with the name of the firm set to be changed into bpv Grigorescu, Ștefănică.

“With a team of over 30 lawyers, you can cover about any case. There will be some cost synergies and should things combine well, we hope to go toward revenues of 3.5-4m euros,” says Cătălin Grigorescu about the tie-up with Ștefănică.

In the wake of the merger, the number of partners will rise from five to six, as Daniel Ștefănică joins the partnership structure.