The new model partnership structure, although optional, gives practices a framework more suitable for 21st century business. In her view the distinction between traditional and modern firms is artificial. The new framework obliges firms to promote associates to partners after three years' service. However, some are taking the plunge. Sarantitis plans to become a legal entity in June.
Shipping is one of Greece's largest industries.
Some have been there for 30 vears. Most, however, arrived in the Nineties, as infrastructure and communications improved and Greek shipping groups started to shift their international management operations back from London. Stephenson Harwood opened in Piraeus in 1996. The influx of English firms has cost local Piraeus practices much of their lucrative ship finance work. The Piraeus and Athens Bars, however, have finally bitten back.