Interview with: Vassilios Ikonomidis, Managing Partner
V.D. Ikonomidis & Associates Law Firm | View firm profile
Vassilios Ikonomidis, Managing Partner of VDI Law Firm introduces company’s vision and how they adapt to customers’ challenging needs.
What do you see as the main points that differentiate [law firm name] from your competitors?
VDI Law Firm tries to always stay up to date with the emerging needs of society, and grasp clients’ needs with immediacy and accuracy. We are constantly communicating with our clients, and try to be innovative looking for new ways of helping and using the law. We are an all-inclusive firm, we care about diversity, and we try to recruit people from different levels of education and social status. We are a self-created firm that always tries to be innovative and ahead of times.
Which practices do you see growing in the next 12 months? What are the drivers behind that?
Traditional law will be transformed into a more digitalized, as millennial clients want transparent information and cost and flexible methods of communication and billing. So, all practices should try and digitalize themselves, in order to better grasp peoples’ needs. Family law, law enforcement and law about diversities will surely keep us busy in the near future. The most pressing issue is for law firms to find new more innovative ways to practice law and use technology to their advantage, such as AI and VR technologies.
What’s the main change you’ve made in the firm that will benefit clients?
Our competitive charges along with the quick and immediate response to clients’ needs and wide expertise, make us an ideal law firm. You can see from the numerous testimonials how much satisfied our clients are and how much they trust us.
Is technology changing the way you interact with your clients, and the services you can provide them?
Technology is of course changing, as everything is more digitalized nowadays, and with the Covid pandemic now, our clients’ needs are even more pressing and seek for digital communication and solutions. We have established a whole new system where we can communicate with our clients faster and easier than before. We take pride in working in a fast paced technological environment and always educate ourselves for all the upcoming changes.
Can you give us a practical example of how you have helped a client to add value to their business?
One of the most fascinating and noteworthy recent cases we’ve handled is a dispute between one of our clients, a yachting company owning a first class commercial yacht, and a contractor who undertook certain refitting works on the yacht. By virtue of an interim order requested by the contractor, the yacht was arrested and prohibited to sail. At the time of arrest, the yacht was lying on a floating dock in Piraeus Port with its stern partially fragmented. In this context, in addition to loss of profit as a result of the inability to charter the yacht during that summer high season, our client was forced to pay large amounts as a daily fee for the use of the floating dock. Our dispute resolution department managed to find a viable and lawful solution in order for the yacht to move to another location for the completion of its reconstruction works. Being constantly in contact with all involved parties and authorities, we managed to convince the court which after many efforts finally accepted our claims, by permitting the shifting between berths of the yacht via towage, hence saving thousands of euros in the benefit of our client. The principal petition for interim measures of our opponent was also rejected, with a final positive outcome for our client. This is definitely a case to remember.
Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?
In three years’ time, we hope to widen our client list and maintain our trusting and loyal environment inside and outside the workplace. We want to expand our practices and at the same time our workforce. So many new lawyers need to advocate, and we need them to be by our side. We already give chances to new lawyers to come work with us, and we will continue to.