They may not be out of the woods yet, but independent firms from the south-east tip of Europe are showing their resilience.
In a region of Europe marred by economic crisis and political unrest, many firms in Greece, Turkey, Cyprus and the Balkan Peninsula have remained resilient. The expectation that testing circumstances could lead to bad news for many firms has been offset by international interest or domestic legal work that came with the uncertainty.
John Dryllerakis, managing senior partner of Greece’s Dryllerakis & Associates – a firm that despite having just 44 lawyers scores highly in The Legal 500 EMEA – has the most ominous outlook. Capital controls, a possible exit from the Eurozone and two general elections have caused significant uncertainty in the country.