Just a few years ago, a thriving Turkish economy was enticing a handful of international law firms based in the U.S. and the U.K. to establish outposts in the country. But with a population currently divided over its support of President Recep Tayyip Erdogan, and after a failed military coup on July 15, the future is unclear.
“The peak point for the entry of international law firms into Turkey was five years ago, [when] the economy boomed and the growth rate was very high,” said Dr. Zeynep Çakmak, an energy and project finance specialist at Istanbul’s Çakmak-Gökçe Avukatlık Bürosu and an association partner with White & Case in Turkey.
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