Legal market overview
Turkey experienced a decline in transactional activity but has continued to attract interest from foreign investors. The energy sector’s ongoing privatisation and expansion has attracted significant attention as the Turkish government seeks to solve the country’s energy deficit. The technology and telecoms, construction and real estate sectors are also increasingly active.
In the legal market, foreign-domestic tie ups remain in vogue in order to work around Turkey’s attorneyship law which prohibits foreign law firms from practising Turkish law. Foreign law firms with offices in the country advise on international law and use co-operation agreements with Turkish law firms to provide clients with local legal representation. Among some of the well-established international firms teaming with local counterparts, White & Case Müsavirlik Limited Sirketi has close working relationships with both Akol Avukatlik Bürosu and Çakmak Avukatlik Bürosu. The alliance between YükselKarkinKüçük Attorney Partnership and DLA Piper Danismanlik Hizmetleri Avukatlik Ortakligi has drawn much attention, and has shored up the former’s already strong position across a number of practice areas. Independent firms such as Pekin & Pekin, Birsel Law Office, Paksoy and Hergüner Bilgen Özeke are highly respected and have impressive client followings. Notably, Bezen & Partners opened its new Ankara office in 2013 to add to its existing location in Istanbul.
A number of other firms are also notable on a sector-specific basis: BTS & Partners, for example, is a clear leader in IT and telecoms matters. Akinci Law Office is notable for arbitration, as is ELIG, Attorneys-at-Law for competition law, and Mehmet Gün & Partners for intellectual property law.
Firms in the spotlight
ADMD/Mavioglu & Alkan
ADMD / Mavioglu & Alkan is a full service boutique law firm focussing on foreign investments. ADMD is preferred by corporate and individual clients having sophisticated corporate and financial transactions and complex dispute resolution proceedings that require a more personalized and attentive approach. ADMD also serves as a preferred hub for new investors entering into Turkish market since it supports its clients directly or with reliable referrals for related non-legal services such as virtual office formations, outsourced accounting, bookkeeping and support for tax submissions.
PEKİN & PEKİN
Pekin & Pekin is a full service corporate law firm and has grown from its establishment in 1971 to become one of the most recognised names in the Turkish legal market.
The firm has pioneered legal structures for Turkish banking transactions, facilitated the introduction of new financial products and organisation structures, advised regulators on new laws and regulations across multiple sectors, acted in the largest finance and M&A deals in the jurisdiction, and succeeded in numerous cross border disputes through courts and arbitral tribunals.