We are thrilled to announce that our firm will officially be transforming from Moral & Partners to Moral | Kınıkoğlu | Pamukkale | Kökenek, an attorney partnership, as of July 1, 2022. Founded in 1968, Moral has undergone a remarkable transformation since 2013 and has grown into one of the preeminent law firms in Turkey. With the efforts of 70 + professionals, Moral now streering the legal market in Turkey. This could not have been achieved without the confidence of our esteemed clients in us and our dedicated team – thank you all.
A new age begins. We will now be providing legal services as Moral | Kınıkoğlu | Pamukkale | Kökenek Attorney Partnership. Building on our legacy since 1968, we will carry the firm into the future using our well-established, highest quality services combined with a proven, new generation approach. We will do our best to ensure a sustainable future for our team and clients. Continue reading “Sponsor message: A new age begins for Moral as Moral | Kınıkoğlu | Pamukkale | Kökenek”
The ferocity of competition in Latin America’s legal sector over the last decade has reshaped the region’s key markets. A genuine onslaught of factors – ranging from the challenges of institutionalisation and the arrival of international players to populist politics and the pandemic – has led to powerful change, eroding the former ‘magic circle’ groups that previously dominated most key jurisdictions and, in general, reducing them to just a couple of leading players.
Beyond the upper echelons, the region’s markets have grown in terms of depth, professionalism and specialisation. Certain markets, most notably Chile, but also – increasingly – Colombia, are demonstrating a tendency towards an increasing proliferation of boutiques, which in turn bring their own challenges to more established market players. Below is an analysis of the region’s key Pacific Rim jurisdictions, working from north to south – and also a brief look at Argentina and Brazil. Continue reading “Latin America focus: Brave new world”
‘There was a significant and much welcome upward trend in dealmaking from June 2020 up to the end of last year,’ reflects James Scicluna, co-founder of WH Partners. ‘On the M&A side of things, there’s just been one thing after another.’
Data from the European Commission (EC) would suggest that Malta enjoyed a 2021 characterised by rejuvenation. Having sustained a Covid-induced reduction of 8.3% in 2020, GDP jumped by 9.4% last year, well ahead of the global growth of 5.7% recorded by the World Bank. Continue reading “Malta focus: Grey skies turn to blue – the Malta report”
As the world moves on from the pandemic and growth is firmly back on the agenda at law firms, the impact of the global geopolitical uncertainty triggered by Russia’s invasion of Ukraine and soaring energy prices is shifting firms’ focus when it comes to international expansion.
The Middle East, where rapid vaccine rollouts mean economies bounced back earlier than Europe and where construction is booming under ambitious state-backed investment plans, is inevitably a focus for many. Continue reading “Middle East and North Africa focus: The competitive edge”
Panama is known for smart corporate structures that function harmoniously with a top-of-the-world financial sector, creating business opportunities for entrepreneurs and investors worldwide.
One of Panama’s most successful and developed strategies to attract foreign investment has been the establishment of special economic zones with investment regimes that offer a broad range of tax, labour, migratory and legal stability incentives. Continue reading “Sponsored briefing: Panama: The multinational hub”
Given the challenges created by Covid-19, how is this affecting your firm post-pandemic?
We had already rolled out remote working capability for all our staff before Covid, so we were able to deal with our workload remotely, without huge efforts. It is now unthinkable for us that our staff would not be fully mobile and flexible in their work arrangements. Although we are still big believers in face-to-face teamwork where geographically possible, staff can choose to work from home a few days a week. Continue reading “Sponsored briefing: Q&A: James Scicluna, co-managing partner, WH Partners”
Turkey is still defined as an emerging market economy; over the last 20 years, it established itself increasingly among the top-25 global markets, but could not maintain this upward trend in recent times. Recently, it has had to face a currency crisis due to the Turkish lira decreasing dramatically in value. At the same time, inflation levels are skyrocketing, which is especially reflected in high prices for food and drink. Adding a global pandemic to the mix is certainly another spanner in the works, but according to Osman Ertürk Özel, managing partner at ÖZEL Attorney Consultancy: ‘The economic recession in Turkey existed a year before the beginning of Covid. It just made this situation obvious. Serious fluctuations in currency along with over 100% inflation rate have deepened the existing economic crisis. This has caused a disruption in all kinds of production in the markets. The fact that banks kept up the markets through loans has greatly disrupted the balance.’
To blame for this development, at least in part, is Turkey’s president Recep Tayyip Erdoğan. His name has dominated the Turkish political scene for a long time. In 2001, his party AKP (Justice and Development Party) was created, and it quickly rose to power. Even though Turkey’s constitution established the country to be a secular state, AKP is traditionally favoured by religious conservatives and is in western media often referred to as a (mildly or reformed) Islamist party. At the same time, the party pursued a pro-liberal market economy and is keen to join the European Union. It seemed to be the recipe for victory: only a year after its formation, it had a sweeping success in the 2002 election, gaining an outright majority in parliament. After having a moderate stronghold over the political landscape for several elections, Erdoğan finally became president in 2014. However, only five years later, local elections marked the beginning of the end for the current leader. He and his party lost significant footing in major Turkish cities due to accusations of mismanagement of the Turkish economic crisis, its shortcomings during the Syrian refugee crisis as well as rising authoritarianism. After year-long rule, AKP also lost all support with Turkey’s largest ethnic majority, the Kurds. Officially, 2023 is a year for new elections and opposition parties are gearing up for it, but Erdoğan is doing everything he can to hold on to power. Continue reading “Turkey focus: Chronology of a crisis”
The Nordic legal market had a good pandemic, using the time to advise clients on the many challenges of lockdowns and to prepare for major societal and technological changes. Downtime, in many cases, was also a good opportunity to plan for what was to become a boom year in 2021.
Unlike much of Europe, the region is not home to many international law firms, with DLA Piper the most often-cited exception to that rule, while others operate small satellite offices or advise via local affiliates. In Norway, law firms must be run by Norwegian citizens. Continue reading “Nordics focus: High-value and strong values”
Can you give our Legal Business readers an overview of PATH Law?
PATH, established in 2016, was among the first Polish law firms to recognise private clients as an independent legal practice. Continue reading “Sponsored briefing: Q&A with PATH Law partners Dominika Mizielińska and Sergiusz Kielian”