Vice president, general counsel and human resources | Alacer Gold Madencilik
What are the most important transactions and litigations that you have been involved in during the last two years? Due to the nature of our business, we are facing mainly...
#GCPowerlist Turkey 2019
Executive vice president, chief legal officer, legal affairs | QNB Finansbank
What are the most important transactions and litigations that you have been involved in during the last two years? One of the biggest transaction I’ve been involved for the last...
#GCPowerlist Turkey 2019
Legal and compliance manager of business area - Near East, CIS and Africa | Novo Nordisk
What are the most important transactions and litigation that you have been involved in during the last two years? I had the opportunity to manage a litigation case which is...
#GCPowerlist Turkey 2019
For over 30 years, The Legal 500 has been analysing the capabilities of law firms across the world. In this series, The Legal 500, in collaboration with Legal Business, GC Magazine and The In-house Lawyer, is turning its attention to the in-house function, and recognising those corporate counsel who are driving the legal business forward.
The GC Powerlist is a series of publications, highlighting the most influential in-house lawyers and legal teams in business today. I would like to express my personal thanks to our sponsors Kılınç Law- for supporting this publication. A special mention must also go to the in-house lawyers that took time to speak to us throughout the process, as well as to the research team that worked on this GC Powerlist publication.
The Legal 500 Series
Since first being published as The Corporate Counsel 100, The Legal 500’s GC Powerlist series has grown exponentially since its beginnings in 2013. It started by covering four of the world’s most established legal markets, and whilst the core objective of the publication – highlighting the most capable, outstanding and innovative in-house counsel in a jurisdiction – has remained the same, the reach and scope of the GC Powerlist has since become almost unrecognisable. Now present in a vast array of jurisdictions and with a portfolio of 70 unique editions, the GC Powerlist series has firmly been established as the “go-to” title that assesses and features leading corporate counsel across the globe.
Now, we at The Legal 500 are evolving the GC Powerlist series even further, deepening our commitment to highlighting and exploring issues and challenges at the forefront of the minds of leading in-house lawyers. Therefore, this and future editions of the GC Powerlist will have a very different look to their predecessors. Instead of profiling individual counsel or in-house legal teams, more incisive insights from in-house thought leaders on the topics of the day will be featured extensively throughout our new look GC Powerlist publications.
With an abundance of feedback from senior in-house legal professionals across Turkey as well as their counterparts in private practice, this year’s edition of the GC Powerlist: Turkey is the largest ever by some distance. In addition to in-depth qualitative information via interviews, we also obtained feedback in the form of a short survey, offering concise information about some of the most important topics in market.
As the data shows, apart from legal advice, a large percentage of respondents demonstrate the most value in the commercial and business advice area, indicating that Turkish counsel are increasingly becoming more business orientated, showing their value within the commercial aspects of the business. Operational change or reorganisation was the second most popular, demonstrating that Turkish counsel are prepared for the ever-changing fluctuations that are inevitable within the business landscape but showing that they are also vital to the reorganisations that might take place from time to time.
The second questions asks what the most difficult hurdles are to overcome when attempting to demonstrate value added by the legal team. Lack of understanding of the work that the legal teams does was joint first in terms of popularity – indicating that there is still some work to do in regards to the business legal relationship. Calculating risk avoided or costs mitigated also scored highly and was the other joint first option, showing that this is also a difficult area for Turkish counsel to demonstrate value.
The third question asks how the continued the continued threat of cyber security breaches and data protection issues affect counsels interaction with the business. The majority of respondents indicated that it increased interaction with the business, showing that this topic provides an opportunity for Turkish counsel to work more closely with various business departments. It also presents a reason for counsel to refine their skills in the cyber security area as it increasingly becomes a more common risk for businesses.
All of these topics – as well as several others – are afforded more in-depth analysis and discussion within these pages, and can be found within the interview transcripts within this publication, as well as in the nominator quotes provided by our sources.
It was my pleasure to speak to and extensively interview Turkey-based counsel, each with their own priorities and challenges, and I would like to thank our sponsors – Kılınç Law- for supporting this publication. I’d also like to thank our extensive network of law firm partners and in-house counsel in the region whose opinions we canvassed during the course of the research. Of course, feedback is valuable and welcomed, so if there are any comments or suggestions please feel free to get in touch with these.
Last but not least, I would like to congratulate all those featured in this year’s list. Their selection means they have been identified as in-house counsel who are amongst the standard bearers of the profession, and as specialists who confront and manage commercial and legal challenges in a way that marks them as market leaders.
Senior research analyst
GC Powerlist series