Pinsents continues international expansion with move into Turkey
Pinsent Masons has become the latest firm to target the fast-growing Turkish market, with the firm set to launch a new infrastructure-focused base in the region. The new Istanbul office will be headed up by Noyan Goksu, the former head of arbitration at Turkish firm Herguner Bilgen Ozeke.
February 14, 2013 at 05:36 AM
2 minute read
Pinsent Masons has become the latest firm to target the fast-growing Turkish market, with the firm set to launch a new infrastructure-focused base in the region.
The new Istanbul office will be headed up by Noyan Goksu, a former of counsel at Turkish firm Herguner Bilgen Ozeke.
Due to local practising rules, the firm has agreed a deal that will see Goksu found his own practice, with which Pinsents will enter into a joint venture arrangement. The deal is subject to regulatory approval, but Pinsents expects this to be confirmed by April.
The firm is planning to build up the office to a headcount of 20 lawyers over the next three years. The base will help it to tap into regional infrastructure markets across Eastern Europe, Central Asia, the Gulf and Africa, with a particular focus on international contractors, a significant number of which are based in Turkey.
The launch for Pinsents comes on the back of a period of international expansion following the end of its alliance with Salans, including new offices in Paris and Munich.
Senior partner Chris Mullen said: "Over the past year we have made considerable progress in expanding our network. We have a clear focus on investment into those global sectors where we see client demand and the greatest potential for growth, so opening in Istanbul and targeting the infrastructure sector is a natural next step."
Other firms with a presence in Turkey include Allen & Overy – which last November secured an association with Istanbul firm Gedik & Eraksoy after initially launching a UK law practice in 2011 – Baker & McKenzie, Clifford Chance and McDermott Will & Emery.
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