We are looking at ways to continually improve our efficiency and introduce new services and workflows that will benefit our clients. To do this and build an effective hub we are investing in:
- Technology – We have invested in an IT and knowledge management infrastructure which is unique in Cyprus by creating a new building to house an onsite Tier III state of the art Data centre to optimize and future-proof businesses’ technological foundation in terms of digital services and physical infrastructure, ensuring longevity, adaptability, and innovation. This benefits our clients and us in terms of efficiency and productivity and ensures that clients receive the best advice. Use of technology is central to our business model and future plans. We not only employ state of the art technology and work practices within the firm, but we also have our own multi-disciplinary project development team brainstorming to deliver new ways of working which will benefit clients and the firm. It is exploring new techniques including blockchain technology, data mining, cybersecurity, and machine learning. Its first major project, Neolaw.ai, is an alternative legal services provider which will soon be ready for delivery. We believe that the future of professional law firms lies in using the best of modern technology to increase the efficiency of lawyers by eliminating time consuming tasks and by expanding their knowledge horizons to the benefit of their clients. Neolaw.ai is our first contribution to this evolution.
- People – We invest heavily in increasing our skill sets and capabilities. We recognise that clients’ want more from us than just knowledge of the law. They want strategic business input, technological efficiency and understanding . We therefore invest heavily in building the skillsets of our staff beyond the purely law related and expanding our core team to include ‘non-legal’ professionals such as IT and cyber security specialists, accountants, tax consultants and human resource specialists. We also focus on ensuring that we recruit from diverse backgrounds so we can connect with our clients whatever their origin. Expanding our brainstorming input promotes wider vision, lateral thinking and enhances our creative output.
- Developing specialised services – We are increasing the efficiency of our client services by reviewing our work practices and exploring the use of core technology in establishing dedicated service teams for specific tasks such as implementing GDPR systems, Transfer Pricing and DAC6 compliance. We combine the expertise of our area legal experts, specialist IT lawyers and specialist technology personnel to increase efficiency and provide clients with timely advice and practical action plans
- Building partnerships – We are crafting strategic relationships which can benefit our clients and influence the future of the legal sector. Elias Neocleous & Co LLC has entered into a strategic partnership with the premier business school in Cyprus, The Cyprus Institute of Marketing (CIM). The initial focus of our partnership efforts will be assisting CIM in delivering its new LLB (hons) programme developed in conjunction with one of the world’s most modern law schools, University of West London. We also have close alliances with parties such as IT services company, Bolton Technologies, international business expansion network Centuro Global and the worldwide Employment Law Alliance. Reaching outside the traditional legal sphere allows us to find new synergies and explore alternative views and ideas which can be harnessed to improve our client offering.