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Elias Neocleous & Co. LLC Ends 2020 With Strong Financial Performance

Elias Neocleous & Co. LLC Ends 2020 With Strong Financial Performance

Having completed the review of the firm’s financial performance for 2020 the management of Elias Neocleous & Co LLC would like to thank all partners and staff for the hard work and dedication that they have shown throughout what has been a very difficult year. 

The firm is pleased to announce that despite the impact of the COVID-19 pandemic and restrictions, the firm actually met its 2020 financial targets and budget and it continues to perform well in 2021 despite the continued economic uncertainty. The firm’s ability to continue working at a high standard and without interruption owes much to the ongoing strategy of investing both in state-of-the-art technology and, equally importantly, in modern management and appraisal methodologies. 

It has also been facilitated by the adoption of modern quality control and work processes. All systems and procedures have operated as intended and further improvements and new products have been introduced as planned. With the successful completion of the first round of our new staff appraisal system, it is clear from the results that the new design has proved motivational, and it will, in exceptional cases result in salary reviews, as well as performance related bonuses for the 2020 year.

Moving through 2021 we aim to continue to grow and develop the firm’s staff and to expand our capabilities. The imminent launch of the NEOLAW.AI Alternative Legal Service Provider will be an important component of this change. NEOLAW.AI is a technological tool, developed within Elias Neocleous & Co LLC, which is designed to provide ‘value added’ services to our clients. This innovative product will revolutionize the way legal and professional services are delivered in Cyprus and will hopefully pave the way for the conversion of technology into a key business driver for this critical to the economy sector.

Whilst 2021 is proving to be another ‘tough’ year, Elias Neocleous & Co LLC is confident that through our commitment, extra effort and hard work we will continue to grow and to contribute positively to Cyprus’ economic development.



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