Greece's Dracopoulos & Vassalakis law firm has entered into a "strategic alliance" with the Your Legal Partners firm in the country.
According to a statement on the Dracopoulos & Vassalakis website, the alliance — which does not reflect or constitute a formal merger — is "designed to provide major Greek and multinational entities with a broader platform for dynamic, innovative and efficient legal services."
According to that statement, "our group includes highly-regarded practitioners in several legal disciplines, the combined resources of two well-established organizations, and the flexibility and creativity necessary to help clients respond to emerging legal, regulatory and market forces. With a service portfolio that spans banking and finance, capital markets, corporate and M&A, complex litigation, loan servicing and tax services, our strategic alliance, in its joint new offices, truly brings the best of two worlds to current clients of both firms and future clients of the alliance."
"Together," the statement continues, "our combined resources comprise of 23 lawyers, with seven Partners, two Of Counsels, and 14 Associates and trainees." In addition, the firm reported, "our strategic alliance also offers global resources through Your Legal Partners long-standing relationship with Ally Law, a prominent international network of 69-member firms in 46 countries, comprising more than 2700 lawyers worldwide."
In a message to CEE Legal Matters, Dracopoulos & Vassalakis Partner George Vassalakis explained that "we have a long history of successful co-operation with YLP, so our intent at this stage is to exploit to the fullest possible extent our synergies, while maintaining our independence before we plan our next steps. Sharing offices means that we are situated in the same building and on the same floor. This physical vicinity facilitates tremendously day to day operations and brings our people closely together. So, notwithstanding that there are two different cost and profit centers, in many aspects we essentially operate as an entity."