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Editorial

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Find out which law firms are representing which Legal market overview clients in Greece 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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Optimism for the Greek economy always comes with caveats. Domestic political risk, macroeconomic EU issues and a general slowdown in global growth could all trample any recovery. For now, however, there is definitely a sense that things are on the turn after a decade of financial decline. GDP is finally growing, and if Greece's larger domestic law firms, many of whose websites are adorned with job postings, are any barometer, employment is picking up. The activity that firms are experiencing is still influenced by the financial crisis, such as around the sale and management of non-performing loan portfolios. A lack of liquidity among Greece's four largest banks remains an impediment to the broader economy, so as a result lawyers have also represented several Greek businesses in moving their corporate structures abroad, so as to easier access foreign capital. The expectation is that as the economy slowly rebounds, more positive foreign investment will arrive.

FIRMS IN THE SPOTLIGHT

Apostolos Georgiades & Associates

APOSTOLOS GEORGIADES & ASSOCIATES is a highly respected law firm actively involved in both domestic and international transactions and disputes, with a long legal tradition and profound expertise in most areas of Greek law. Name Partner Dr. Apostolos Georgiades, emeritus Professor at the University of Athens Law School, member of the Academy of Athens and one of the most renowned Greek jurists, established the firm in 1969. Currently the firm advises a wide range of national and international corporate clientele on all areas of Greek business law, as well as private individuals of ultra-high-net-worth on all ranges of civil law.

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FIRMS IN THE SPOTLIGHT

Pistiolis - Triantafyllos & Associates Law Fir

Pistiolis – Triantafyllos & Associates is a leading independent law firm based in Athens, with in-depth, genuine and proven expertise in certain areas of law and specific industry sectors. The firm’s senior lawyers have worked within government and regulatory agencies, and therefore have a better understanding of the approach and priorities of regulatory officials and policymakers, enhancing the services that the firm can offer.

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With the exception of dispute resolution and certain niche areas, where there are plenty of excellent boutiques to be found, transactional advice is still dominated by the major full service firms, such as Bernitsas Law, Karatzas & Partners, Koutalidis Law Firm, PotamitisVekris Law Firm, and Zepos & Yannopoulos. Nevertheless, these are facing strong challenges from smaller firms, such as Alexiou & Kosmopoulos Law Firm, Lambadarios Law Firm and Papapolitis & Papapolitis,  offering high-quality lawyers, many of whom were trained at major British and US firms. The international firms are primarily guided by their shipping practices, although Norton Rose Fulbright and Watson Farley & Williams – Greek Branch have grown beyond the maritime sphere. The shipping sector has seen considerable movement of fee-earners, with senior ship finance lawyers leaving HFW for Hill Dickinson LLP, and a well-respected team of shipping litigators moving from Ince & Co to Watson Farley & Williams – Greek Branch.

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