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Although investor confidence in Greece is muted as a result of its sovereign debt crisis, which has resulted in far fewer corporate acquisitions, firms note an increase in capital raisings as local banks look to the public markets for bond issuances. The biggest beneficiary of this pickup in work is undoubtedly Karatzas & Partners Law Firm, which has long held a dominant position in the banking, finance and capital markets sectors among the top four law firms in Greece. KGDI Law Firm, Koutalidis Law Firm and M & P Bernitsas are its bedfellows, with KGDI Law Firm the largest firm by size.

With the vast majority of shipping contracts and disputes governed by English law, the international shipping firms dominate the Greek shipping industry, which is one of the top contributors to the Greek economy, and practise from the port of Piraeus. Norton Rose LLP was one of the first international firms to diversify to offer Greek law advice outside of the shipping field, with key strengths being corporate transactions and dispute resolution. Watson, Farley & Williams – Greek Branch established a presence in Athens and gained traction in the energy sector.

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