KPMG Legal

What KPMG Legal does

KPMG Legal Romania, legally constituted as Toncescu si Asociatii SPRL, is a full-service law firm headquartered in Bucharest that operates as a member of the KPMG Global Legal Services Network, which comprises over 2,700 multidisciplinary legal professionals across more than 80 jurisdictions and is supported by KPMG's broader global network of over 207,000 professionals. The firm delivers legal advisory across 15 practice areas: Banks and other Financial Institutions, Capital Markets, Insurance, Technology Law, Intellectual Property, Data Privacy, Corporate and M&A, Litigation, Insolvency & Restructuring, Real Estate & Construction, Employment, Public Procurement & Infrastructure, Competition & State Aid, Energy & Natural Resources, and Healthcare & Pharmaceuticals. It serves enterprise clients including banks, non-banking financial institutions, payment institutions, insurers, PE investors, real estate developers, and corporates across regulated sectors in Romania and on cross-border matters routed through the global network.

The firm differentiates through integration with KPMG's tax, advisory, and audit capabilities, delivered under a single engagement partner model. Notable proprietary technology includes the KPMG Legal Legislative Tracking Tool, a digitalized monitoring solution that streamlines client-facing regulatory surveillance of the Romanian legal environment. The firm holds top-tier rankings from Legal 500 in Banking & Finance, Dispute Resolution, and Restructuring & Insolvency, with additional recognition from Chambers Europe and IFLR1000. Its financial services practice has advised on complex transactions with an aggregated value exceeding EUR 2.5 billion; representative mandates include vendor due diligence for EBRD's sale of Giurgiulesti International Free Port, advisory to LDC Group on its acquisition of Calibra M&D Impex, and securing the first payment institution authorization under Romania's new regulatory framework for Token Payment Services.

Revenue is generated through professional services fees structured as hourly billing or project-based engagements negotiated per engagement scope. The go-to-market motion is enterprise field sales targeting complex, high-value mandates where the firm leverages the KPMG brand, multidisciplinary delivery, and cross-border reach. Pricing is quote-based with no public rate card, and customer exposure is diversified across regulated industries including financial services, renewable energy, real estate, FMCG, and public sector.

Name

KPMG Legal

Legal name

Toncescu si Asociatii SPRL

Website

https://kpmglegal.ro

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

251–500 employees

Short description

KPMG Legal Romania (Toncescu si Asociatii SPRL) is a full-service Bucharest-based law firm operating within KPMG's global legal services network, serving enterprise clients across 15 practice areas including banking, M&A, litigation, restructuring, and regulatory compliance.

Ownership category

akta.pro rank

Product category

Legal Services

NAICS

Legal Services (5411), Management, Scientific, and Technical Consulting Services (5416)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Legal Practice Management & Case Management (BPAEAPAC)

akta.pro secondary industries

Contract Lifecycle Management (CLM) & Document Automation (BPAEAPAD), Third-Party Risk, Vendor Due Diligence & Supply Chain Compliance (BPAEAPAG)

Keywords

• Legal advisory services
• Mergers acquisitions advisory
• Banking financial regulation
• Litigation dispute resolution
• Real estate construction law

Headquarters

HQ city

Bucharest

HQ country

Romania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Legal Advisory Services: Full-service legal advisory including corporate and M&A, financial services, litigation, restructuring, real estate, employment, competition law, and other practice areas. Services are delivered through integrated multidisciplinary teams combining legal expertise with KPMG's tax, advisory, and audit professionals. Revenue is generated through professional service fees, typically structured as hourly billing or project-based engagements for enterprise clients.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

KPMG Legal Toncescu si Asociatii SPRL is a full-service Romanian law firm that delivers legal advisory services across 15 named practice areas including banks and financial institutions, capital markets, insurance, technology law, intellectual property, data privacy, corporate and M&A, litigation, insolvency and restructuring, real estate and construction, employment, public procurement and infrastructure, competition and state aid, energy and natural resources, and healthcare and pharmaceuticals. Services are delivered by multidisciplinary teams that combine legal expertise with KPMG's tax, advisory, and audit capabilities, and are managed through a single engagement partner model. The firm also operates an internal Legislative Tracking Tool for real-time regulatory monitoring.

Product overview

KPMG Legal Toncescu si Asociatii is a full-service Romanian law firm operating as a member of the KPMG Global Legal Services Network (2,700+ lawyers across 80+ countries). The firm delivers integrated legal services by combining legal expertise with KPMG's tax, advisory, and audit capabilities. Its portfolio is organized into fifteen named practice area modules: Banks and other Financial Institutions, Capital Markets, Insurance, Technology Law, Intellectual Property, Data Privacy, Corporate and M&A, Litigation, Insolvency & Restructuring, Real Estate & Construction, Employment, Public Procurement & Infrastructure, Competition & State Aid, Energy & Natural Resources, and Healthcare and Pharmaceuticals. A proprietary Legislative Tracking Tool (developed by Associate Manager Victor Mihaila) provides clients with digitalized legislative monitoring. The firm also publishes newsflashes and market alerts covering regulatory developments. The core model emphasizes integrated multidisciplinary teams working across the full investment lifecycle, leveraging the KPMG global network for cross-border mandates.

Differentiator

Problem solved

Functional benefit

Products and services

• Banks and other Financial Institutions Financial services regulatory and transactional legal advisory covering banking, fintech, payment institutions, NPL portfolios, project finance, real estate finance, AML compliance, and financial sector M&A in the Romanian market.
• Capital Markets Capital market advisory services including IPOs, bond issuances, takeovers, securitizations, listings on the AeRO Market, squeeze-outs, delistings, MiFID II compliance, market abuse, and shareholder rights for issuers and intermediaries.
• Insurance Legal support for insurers, reinsurers, brokers, and distributors covering licensing, passporting, product distribution, regulatory compliance, claims management, AML, and insurance distribution under Romanian and EU frameworks.
• Technology Law Advisory on digital business processes, digital product design, big data, IoT, distributed ledger technology, AI, e-commerce compliance, fintech technology, cross-border outsourcing, and technology-oriented transactions within Romanian and EU regulatory frameworks.
• Intellectual Property Full-spectrum IP legal services including portfolio management, IP transactions and due diligence, licensing and assignments, copyright and trademark protection, design protection, trade secrets, domain names, and IP litigation.
• Data Privacy GDPR compliance programs, data mapping, privacy by design/default implementation, data protection impact assessments, employee data protection, cross-border data transfers, cyber incident response, and privacy litigation for clients across industries.
• Corporate and M&A End-to-end corporate and M&A advisory covering corporate establishment, governance, national and cross-border reorganizations, buy-side and sell-side due diligence, transaction structuring, documentation, closing assistance, and post-closing matters for private equity and strategic investors.
• Litigation Complex domestic and international litigation and arbitration across tax, civil, commercial, employment, insolvency, corporate, insurance, competition, and construction law, including FIDIC-related disputes, tax investigations, regulatory litigation, and alternative dispute resolution.
• Insolvency & Restructuring Strategic insolvency and restructuring advisory for debtors and creditors including balance sheet restructuring, debt restructuring, distressed M&A, NPL transactions, cross-border recovery, security enforcement, and workout proceedings, delivered alongside KPMG Restructuring.
• Real Estate & Construction Legal advisory for real estate acquisitions, developments, and disposals covering due diligence, transaction documentation, project development, title insurance, real estate finance, asset management, lease agreements, concession projects, FIDIC construction contracts, and real estate litigation and arbitration.
• Employment Employment law advisory including HR policy structuring, executive remuneration, talent deployment, collective redundancies, trade union relations, employment disputes, TUPE procedures, discrimination matters, and tailored training courses for Romanian and international clients.
• Public Procurement & Infrastructure Public procurement and concession advisory covering structuring of tender procedures, review of tender documentation, PPP structuring, project financing, feasibility studies, FIDIC contract drafting and arbitration, and public procurement disputes before CNSC and courts.
• Competition & State Aid Competition law advisory including merger control, antitrust investigations, dawn raids, leniency, state aid assessment, compliance programs, training, mock dawn raids, and court claims against Competition Council decisions, delivered jointly with KPMG Advisory.
• Energy & Natural Resources Energy and natural resources legal advisory covering regulatory compliance, licensing, renewable energy projects, power plant development, project financing, construction, M&A, and due diligence, leveraging KPMG's dedicated energy and renewables technical team.
• Healthcare and Pharmaceuticals Legal advisory for pharmaceutical and healthcare clients covering IP, antitrust, M&A, regulatory compliance, data privacy, e-health projects, clinical trial agreements, medical product authorization, pricing and reimbursement, and product liability.
• Legislative Tracking Tool (KPMG Legal Monitoring Tool) A digital monitoring solution implemented and managed by Associate Manager Victor Mihăilă that replicates and streamlines daily navigation through the complex Romanian legal environment, providing clients with real-time legislative tracking.

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• KPMG Global Legal Services NetworkcoreStrategic or Co-development PartnerKPMG Legal Toncescu si Asociatii is a member of the KPMG Global Legal Services Network consisting of over 2,700 lawyers in 80 countries. The network applies the same quality standards and shares the same values, providing access to international expertise and know-how while combining global standards with in-depth local expertise.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Wolf Theiss Romania: Leading Austrian/Central European law firm with a well-established Bucharest office competing head-to-head on cross-border M&A, energy, banking, and infrastructure mandates in Romania.
• Țuca Zbârcea & Asociații: Major Romanian law firm with strong domestic reputation in corporate M&A, banking & finance, dispute resolution, and public sector mandates, ranking as a recurring competitor in Legal 500 top tiers.
• Schoenherr Romania: Austrian-headquartered regional law firm with deep Central European coverage and a strong Bucharest office active in M&A, banking, competition, and TMT work for international clients across the CEE region.
• Mușat & Asociații: One of the largest independent Romanian law firms with similarly broad practice areas including corporate/M&A, dispute resolution, restructuring, and competition, frequently competing with KPMG Legal for top-tier local clients.
• Bondoc & Asociații: Prominent Romanian law firm advising on M&A, energy, real estate, and dispute resolution with comparable positioning as a full-service domestic firm serving multinational and local enterprise clients.
• RTPR (Radu Tărăcilă Pădurari Retevoescu): Highly ranked Romanian law firm specializing in M&A, corporate, and finance work, consistently cited alongside KPMG Legal in Legal 500 and Chambers rankings for similar transactional mandates.
• Nestor Nestor Diculescu Kingston Petersen (NNDKP): Top-tier Romanian law firm historically dominating the M&A and corporate market, with significant overlap in corporate, finance, dispute resolution, and competition practice areas serving blue-chip clients.

Broad incumbents

• DLA Piper Romania: Global elite law firm with a full-service Bucharest office competing for the same complex M&A, financial services, and dispute resolution mandates targeting KPMG Legal's enterprise clients in Romania.
• CMS (formerly CMS Cameron McKenna) Romania: Top-tier European law firm with established Romanian practice offering corporate, banking, energy, and TMT law directly overlapping KPMG Legal's practice areas and serving similar international investor clients.
• EY Law Romania: Big Four affiliated legal practice in Romania offering integrated advisory-tax-legal services, overlapping with KPMG Legal's multidisciplinary delivery model on transactional, regulatory and restructuring mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kpmg-legal-romania
• Xx.com/KPMG_Legal

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KPMG Legal