Distinguished by its focus on the technology sector, with a notably strong reputation among start-ups, Solak & Partners Law Firm covers digital banking, e-payment services and blockchain. Credited for taking 'incredibly complex, multi-jurisdictional problems and creating straightforward, easy-to-implement solutions', co-head Elçin Karatay is an experienced adviser on how emerging technologies intersect with Turkey’s regulated financial markets. Co-head Begüm Ergin is a key contact for the regulation of data-intensive fintech and payments products. Co-head Mutlucan Solak centres his work on disputes involving the Central Bank, the Capital Markets Board, and the Financial Crimes Investigation Board.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge
Client satisfaction: NPS ®
Testimonials
Collated independently by Legal 500 research team.
- 'The lawyers at Solak & Partners distinguish themselves through their exceptional technical knowledge and deep regulatory insight. What truly sets them apart from competitors is their ability to translate complex legal requirements into clear, actionable business advice. In particular, Elçin Karatay, Mutlucan Solak and Ahmet Demirtas consistently impress with their strategic oversight and profound understanding of the banking & finance world. I can recommend them to anyone.'
- 'Solak & Partners is a highly professional firm that pairs deep business acumen with responsive, solutions oriented counsel. The team brings extensive expertise across its practice areas, strong strategic judgment, and a nuanced understanding of both law and commerce. They are dedicated to advancing clients’ interests and consistently provide forward-looking, practical advice. Efficient in both cost and time, Solak & Partners is flexible in working methods and impressively adept at integrating with the technological tools we use. Among peer firms, they stand out for delivering effective input on exceptionally short timelines.'
- 'Solak & Partners' Banking, Finance & Fintech practice is an essential engine for any innovator in the financial technology space. Their unique strength is that they are not a traditional banking firm trying to understand tech; they are a tech-native firm that has mastered financial regulation. This is their critical differentiator. For any CEO in this space, what you need to know is that they provide a clear path through regulatory ambiguity, turning complex compliance from a business obstacle into a competitive advantage. Solak & Partners is already mapping out the legal frameworks for our next-generation FinTech solutions. This allows us to innovate at speed and with confidence.'
- 'The most unique aspect of Solak & Partners' practice is its deep specialization at the intersection of finance and technology, often referred to as FinTech. Unlike many traditional firms that may have a general finance practice, Solak & Partners has established itself as a "new generation" law firm with a core focus on the digital age. They are particularly well-regarded for their expertise in emerging areas such as FinTech and Technology, Blockchain and Cryptocurrency. The team has a strong reputation for understanding the commercial aspects of our business, which makes a great difference in their advice. They are known for their solution-oriented approach and their ability to create easy solutions for difficult multi-jurisdictional problems. The firm works with leading local and global FinTech companies, which has created unmatched practical experience and transactional depth. They have a deep understanding of complex and sophisticated matters, particularly in commercial and contractual relationships.'
- 'I can confidently say that the individuals I've worked with are a cut above the rest. They don't just provide legal services; they become an integral part of your team. The team's greatest strength is their deep commercial awareness. While many firms can give you the legal answer, Solak & Partners provides the commercially beneficial advice that makes a real difference to my bottom line, especially Elçin Karatay. She understands the intricacies of our business and anticipates potential problems before they arise. This proactive approach saves us time, money, and headaches. Another key differentiator is their solution-oriented approach. I've seen Elçin take incredibly complex, multi-jurisdictional problems and create straightforward, easy-to-implement solutions. The firm is a "new generation" firm that's fully in tune with the fast-paced, digital world we operate in. They're agile and adaptive, always delivering swift results, even on short deadlines.'
- 'Solak & Partners stands out for its unique combination of deep local expertise and a truly international and commercial mindset. Their key strength is the ability to navigate complex Turkish legal matters with a practical, results-driven approach. They are exceptionally responsive and partner with us proactively, anticipating issues before they arise. Compared to other firms, Solak & Partners offers a more agile and partner-led service. We consistently have direct access to senior lawyers, which ensures a high level of strategic oversight and efficiency that is sometimes lost at larger practices.'
Key clients
- VeriPark Software
- Logo Software
- Bybit
- OKX
- Berqnet
- Sumsub
- Paribu
- KuCoin
- Ava Labs
- Teknasyon
Work highlights
Advised OKX on its CASP licence application, including regulatory alignment of its trading activities with Capital Markets Board requirements, and preparation of core compliance documentation for entry into one of the region’s most stringent digital-asset regulatory regimes
Practice head
Elçin Karatay; Begüm Ergin; Mutlucan Solak
Other key lawyers
Ahmet Demirtaş
