articles | 12 June 2023 | Elias Neocleous & Co LLC

Elias Neocleous & Co LLC Honoured with Business Innovation Award for Advancing Industry Standards with Neolaw.ai

We are proud to announce that Elias Neocleous & Co LLC was the recipient of the prestigious IN Business Award 2022 in the category Business Innovation for its groundbreaking contributions to advancing industry standards. This honour is a direct reflection of our firm’s ongoing commitment to pushing the boundaries of innovation and driving technology transformation in the legal industry in Cyprus for a more sustainable, digitalized future.

For the last 15 years, the IN Business Awards have been presented annually to organizations that have demonstrated exceptional presence in the business market and are widely regarded as a benchmark for excellence in the wider corporate community. The Business Innovation category was introduced for the first time this year to acknowledge organisations that demonstrate unparalleled innovation and future focused strategies within their respective industries. As the only law firm to be included in this category, Elias Neocleous & Co LLC was honored to be included in a field composed of prestigious and cutting-edge Fintech, biotech and gaming companies from across the country, which made this award for its revolutionary ALSP platform neolaw.ai, both incredible and humbling. This accolade is a welcome recognition of the firm’s pioneering pursuit to merge technology with legal services by harnessing the power of artificial intelligence, in order to reshape the Cypriot legal market and deliver unrivalled value to clients.

 Elias Neocleous & Co LLC launched neolaw.ai in 2022, spearheaded by Managing Partner Elias Neocleous. The platform, which is Cyprus’ first Alternative Legal Services Provider, was designed and built to leverage advanced AI capabilities together with the knowledge base and resources of Elias Neocleous & Co LLC, to become an indispensable legal assistant and knowledge repository for legal professionals throughout Cyprus and abroad. While still in its infancy, neolaw.ai is increasing the efficiency of its users by reducing time-consuming tasks and expanding their knowledge horizon. The platform continues to evolve, with a focus on product upgrades that integrate generative AI and Large Language Models to address exciting new challenges.

Digital transformation and disruption present exciting opportunities for law firms like Elias Neocleous & Co LLC which are seeking to leverage new technologies for future growth. This was the basis upon which neolaw.ai was developed and the mantra which drives the continued efforts to put in place processes that are responsive to change at the same speed at which legal technology is advancing. Moving forward, Elias Neocleous & Co. LLC remains steadfast in its commitment to delivering exceptional results, fostering innovation, and maintaining its position as a pioneer in the legal industry. As a proud member of the professional community in Cyprus, this award is not just a recognition of past achievements, but also an inspiration to continue pushing boundaries and setting new benchmarks in the future.

Elias Neocleous & Co LLC would like to express its deepest appreciation to its valued staff, clients and partners who have contributed to its continued success and who have made this accolade possible. Your collaboration and support have been invaluable in driving this innovation journey, and we remain committed to exceeding your expectations and delivering transformative solutions that fuel your success.

For more information, please contact Elias Neocleous & Co LLC at info@neo.law or 25110110.
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