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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Cyprus > Legal market overview > Law firm and leading lawyer rankings

Editorial

Who Represents Who

Find out which law firms are representing which Legal market overview clients in Cyprus using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david.burgess@legal500.com.

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FIRMS IN THE SPOTLIGHT

A.G. Erotocritou LLC

A.G. Erotocritou LLC has firmly established itself as a “top tier” leading law firm in Cyprus, having cultivated an unrivalled reputation for excellence, with an impressive track record and an all-embracing legal service capability, underpinned by an acute sense of commercial awareness.

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FIRMS IN THE SPOTLIGHT

Soteris Pittas & Co L.L.C

Soteris Pittas & Co LLC is a boutique law firm, in size only, focusing on the areas of law related to business activity and dedicated to providing its clients with outstanding, highly personalised, legal representation.

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FIRMS IN THE SPOTLIGHT

P. N. Kourtellos & Associates LLC

P. N. Kourtellos & Associates LLC is an independent and dynamic law firm, one of the new generations of Cyprus law firms which are breaking ground and rethinking the practice and substance of law. Founded by Dr Pavlos Neofytou Kourtellos and Ioanna Demetriou in 2011, primarily as a multi-service commercial law firm based in Limassol, the firm has rapidly grown in size, encompassing associates in various business areas and expanding its practice to all business and commercial areas of law.

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FIRMS IN THE SPOTLIGHT

Antonis Paschalides & Co LLC

Antonis Paschalides & Co.LLC is a boutique, medium-size Cyprus law firm based in Nicosia-Cyprus that has provided legal services on a local and international level for over 35 years. The Firm was initially founded by Mr Antonis Paschalides under a different setup back in 1980 as a general practice firm and through its various stages of evolvement over the years, has emerged with its current structure as of October 2007.

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Cyprus is seeking to position itself as an international financial centre. It is establishing a business-friendly tax regime through a system of double taxation agreements. The legal market has for some time been moving away from traditional family-run legal firms. There continues to be a demand for increased specialism and firms are keen to attract talented professionals with international qualifications and experience. The banking sector in Cyprus is diverse with a range of domestic and international banks. Some law firms have noticed an upsurge in work on non-performing loans. The tourism industry is booming. This has led to more construction work locally and an increased cash flow for some contractors. As a result of this there has also been more transactional work. Firms have also reported an increase in shareholders disputes and in cross-border litigation. To deal with this upsurge in claims a Commercial Court will be established in the next year. Its remit will be to deal with high-value claims. Cyprus remains one of the world’s preeminent shipping centres and its admiralty court is a key forum for resolving maritime disputes. There is an air of cautious optimism in Cyprus for the year ahead.

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