The Greek market is a crowded one, with reputedly about 20,000 lawyers in Athens alone. Competition, added to the mixing of traditional structures for firms and allocation of fees with new corporate firm cultures, create spin-offs and a variety of styles. There is no clear recipe for success, as structures vary widely in the top five firms alone.
The big four established firms are Bernitsas, Karatzas, TJ Koutalidis and KGDI, with newly rebranded PotamitisVekris nipping at their collective heels. A notable development in capital markets is the establishment of Your Legal Partners, a spin off from KLC, while young firm Kelemenis & Co, formed in 2003, is beginning to gain traction in the market.