Turkey > Legal market overview
The Turkish economy has experienced rapid growth in recent years and, to capitalise on and sustain this growth, the government has initiated a number of PPP projects and privatisations such as the contracts for regional electricity distribution, highways and bridges. This is, and will be, a key area of focus for law firms.
However, enthusiasm has been tempered by a mixture of anxiety and frustration, as the legislative environment remains in a state of flux with changes in the Code of Obligations, Commercial Code and Code of Civil Procedure being phased in through late 2011 and in 2012.
The Turkish legal market features a mix of well-established, corporate-focused firms such as Hergüner Bilgen Özeke, Paksoy, Akol Avukatlik Bürosu and Cerrahoglu Law Firm, alongside an increasing number of ‘energetic newcomers’, whether they be spin-offs – such as Aritman Yildirim Aksun Law Firm with a number of its founding partners formerly being of Esin Attorney Partnership, a Member Firm of Baker & McKenzie International, a Swiss Verein – or new affiliations between international and local law firms, such as that of Esin Attorney Partnership, a Member Firm of Baker & McKenzie International, a Swiss Verein, or Chadbourne & Parke LLP and Cigdemtekin Sahbaz Attorney Partnership. International law firm capability is addressed in the Foreign firms section in this chapter.