The Legal 500 GC Powerlist initiative highlights the importance of the in house legal role whilst also creating a new sense of community amongst legal professionals. This international initiative is growing substantially year by year and events are hosted annually all around the world to launch the new publication. For Greece and Cyprus, the reception for the 2019 publication for the best legal teams was hosted on 16 May in Athens and was said to have been one of the best GC Powerlist events hosted by the Legal500.
The reception was attended by one hundred and sixty legal counsel nominees and guests including the leading legal teams in business today across both countries working in all industry sectors including banks and financial institutions, transport and infrastructure, energy and utilities corporations, information and technology, healthcare and pharmaceutical, consumer products, hotels, restaurants, food, beverage, entertainment, industrials and real estate, materials and mining and telecommunication services.
With the role of law firms constantly changing due to the disruption caused by technology and economic and political events which are hard to predict, the role of in house lawyers is also continuously evolving. Lawyers are faced not only with the need to continually diversify their role but also to become more proactive and take on a more managerial function within their organisation.
Cyprus may be a small country but it strives to create a business friendly ecosystem which in turn supports enterprises and encourages investment. We strongly believe that the meeting of minds between leading GC's from different industries encourages the healthy promotion of this ecosystem. As an international law firm, we always encourage the opening of communication channels between legal professionals and corporations as this advances business interests, adds value and allows sharing of common values.
We congratulate all the teams for making the list this year and for being included in the 2019 publication. We are very glad to have contributed to this initiative and we sincerely hope that its success will continue to grow along with the community it has created.