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Editorial

Legal market overview

2016 has been a turbulent year for Turkey with the country already experiencing a decline in M&A transactions prior to the attempted coup in July, which further hampered economic activity. Indeed, the unpredictable political climate has caused a significant number of deals to be either delayed or cancelled.

On the dispute resolution side, courts have experienced significant disruption with a large volume of cases adjourned due to the shortage of judges. Nevertheless, contentious work (particularly debt collection matters) continues to account for a significant proportion of firms’ workloads. Restructuring-related mandates are also providing fertile ground for instruction.

Leading firms in the Turkish legal market include Balcioglu Selçuk Akman Keki, Hergüner Bilgen Özeke, Esin Attorney Partnership, member of Baker & McKenzie International, a Swiss Verein, Çakmak Avukatlik Bürosu and Çakmak-Gökçe Avukatlik Bürosu, while 2016 saw the demise of one of Turkey’s most successful law firms, Yuksel Karkın Kucuk (YKK), which was raided by the authorities and shut down following the coup attempt.

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