A century on from Atatürk’s proclamation that the republic would be ‘happy, prosperous and victorious’, the founder of modern Turkey would today find his vision being questioned. In 2016, a failed coup left over 300 people dead. During the mass detentions that followed, nearly 2,500 judges were arrested. Within two years, Turkey’s credit bubble had burst: the lira halved in value against the US dollar, inflation hit 25% and GDP, which had been growing at 7%, flatlined.
Following the withdrawal of US troops in October 2019, the invasion of northeast Syria to create a safe zone along Turkey’s southern border led US President Donald Trump to tweet: ‘I will totally destroy and obliterate the economy of Turkey.’ In October, the House of Representatives voted by 403 to 16 to impose a series of sweeping sanctions on Turkey. But US politicians remain split, with senate majority leader Mitch McConnell warning that sanctions would cause economic damage and alienate the Turkish people. Continue reading “Turkey – Back from the brink”
DWF has made its second post-IPO international office opening, hiring a five-partner team in Germany, while CMS has added two firms in South Africa and Kenya to its network.
DWF said today (7 October) it was opening its fourth German office in Düsseldorf after recruiting the entire office of Marccus Partners, consisting of 10 staff – including five partners. Marccus – which is not listed in any of the recognised legal directories for Germany – specialises in company law, M&A, insolvency, banking and finance, real estate and tax. One of the hires, Norbert Knüppel, will be DWF’s executive partner of the new office. Continue reading “International round-up: DWF recruits five partners for Düsseldorf as CMS expands in Africa”
Hogan Lovells’ South African headcount is being slashed as its merger partner splits from the firm following a troubled six-year tie-up.
The firm confirmed today (1 August) that it is undergoing a ‘restructuring’ of its South African practice that will see 71 of its lawyers set up an independent law firm, while Hogan Lovells will re-launch a 20-lawyer office in the country under its UK LLP. Continue reading “Hogan Lovells losing bulk of South African practice as merger partner breaks away”
Dentons is to grow its global headcount further past the 10,000-lawyer mark after announcing a merger with 113-strong full-service New Zealand firm Kensington Swan.
The combination, announced today (31 July) and subject to approval by partners, will see Dentons enter the New Zealand legal market, with offices in Auckland and Wellington, nearly three years after launching in Australia. Continue reading “Dentons to enter New Zealand legal market through merger with 100-lawyer Kensington Swan”
Eversheds Sutherland is opening an office in the ‘very competitive’ Chicago market with the hire of two partners, and has plans to bulk out in California, too.
The firm announced today (29 May) it was opening its first new US office since the 2017 tie-up of Eversheds and US outfit Sutherland Asbill & Brennan. Chicago is the firm’s seventh US office, joining Atlanta, Austin, Houston, New York, Sacramento and Washington DC. Continue reading “Eversheds eyes larger California presence following long-awaited Chicago opening”
Greenberg Traurig is to open its fifth European office via the acquisition of a Milan boutique and the hire of two veterans from the Italian branch of Freshfields Bruckhaus Deringer.
The US firm announced yesterday (16 May) that as of July the northern Italian city will become the location of its 40th office worldwide while its European lawyer headcount will hit 300. Continue reading “International round-up: Greenberg Traurig enters Italy through Milan merger as Latham goes big in Japan”
Fieldfisher continues to build on what managing partner Michael Chissick describes as a strategy to be ‘in every commercial capital in Europe’, having opened in Dublin – its seventh new office since the beginning of 2018.
The mid-market pacesetter merged on 1 May with Irish firm McDowell Purcell to add the 25th office to its global verein. Led by managing partner JP McDowell, the 120-year-old firm counts 16 partners and 50 lawyers. Its regulatory practice is its core strength, while also operating in disputes, employment, planning, restructuring and insolvency. Continue reading “Global expansion: Fieldfisher picks Dublin for seventh office launch in a year”
Described in some quarters as an overlawyered market for a country with a population of 25 million, Australia continues to attract investment from the international legal industry in all its shapes and forms. Global giant Dentons, recently-listed DWF and New Law outfit Lawyers On Demand (LOD) have all expanded their presence in the country.
Just over two years after entering Australia through a merger with national firm Gadens, Dentons has hit the 280-lawyer mark in the country after absorbing Adelaide-based Fisher Jeffries. ‘This completes our footprint across the major cities in Australia,’ regional chair and chief executive Doug Stipanicev told Legal Business. Continue reading “Australia pull continues as Dentons, DWF and LOD announce expansion”
In spring 2018, Legal Business found the Madrid legal elite still recovering from a jolt that unsettled the local establishment. As one of the best-regarded deal makers in Spain, Juan Picón had at the end of 2017 given up his role as DLA Piper senior partner to join Latham & Watkins as Madrid head and Latin America co-chair.
Off the back of three consecutive years of GDP growth above 3% and mounting interest from international investors, Spain had been moving back onto the radar of leading international firms – the list of those stepping up investment in the country going well beyond the US giant to range as wide as Allen & Overy (A&O) to Fieldfisher. Some believed signs of renewed investment would shake up the staid local talent market and bring fresh challenges to the elite independents – Uría Menéndez, Garrigues and Cuatrecasas. Continue reading “Letter from Iberia – Despite turbulent politics, Madrid lawyers sustain bullish mood”