Emily Bernstein is an experienced private banker at Investec who specialises in supporting legal leaders and senior lawyers. Here, she tackles the unique financial challenges facing senior legal professionals
Ask the private banker to senior lawyers
Q&A: Incorporating social value into projects
Lorraine Bellinger, head of legal project delivery at international law firm Bird & Bird, on ensuring social benefit is considered at all stages of a project
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Resistance is agile – Euro Elite firms adapt to survive amid global turbulence
Last year, our annual Euro Elite survey of 100 leading independent firms across more than 40 jurisdictions found partners in a positive mindset but nervous about the potentially bleak outlook for 2023. Those fears had some foundation.
Key market players – both new and old – said that the continent’s law firms would be remiss to forget that geopolitical conflict, the energy market crisis, the tightening of monetary policy and economic contraction loomed around the corner. The subsequent belt-tightening and inertia in the European deals market over the past 12 months has shown this has come to pass. Firms generally are quieter in terms of major corporate mandates and have a larger headcount than the boom year of 2021. This has inevitably taken its toll. Continue reading “Resistance is agile – Euro Elite firms adapt to survive amid global turbulence”
Breaking barriers: Garrigues tops €450m revenue in milestone for Euro Elite firms
Spanish leader Garrigues has continued its pacesetting reputation among the Euro Elite firms by becoming the first in the group to break the €450m turnover barrier.
The results, announced on Tuesday (20 February) continue a decade-long purple patch for the firm, with a 2.5% revenue increase on last year to €454.3m marking a banner year. Continue reading “Breaking barriers: Garrigues tops €450m revenue in milestone for Euro Elite firms”
The road to recovery – how Türkiye’s law firms are pulling through
Following the devastating earthquakes that rocked Türkiye and Syria in February 2023, rescue, recovery and rehabilitation remain some of the dominant topics of conversation among the Turkish legal community.
The tragedy resulted in the deaths of more than 55,000 people across the two countries, with more than 17 million estimated to have been affected in some way. Inevitably this has meant that a large swathe of the legal fraternity has been directly impacted on a personal level, with many family and friends affected, but law firms have more than risen to the challenge and made themselves available to aid in the recovery. Continue reading “The road to recovery – how Türkiye’s law firms are pulling through”
Sponsored briefing: Mitigating the risks of the current economic climate
Oktay Şener, managing partner of Aksan Law Firm, examines how his team has reacted to the changing Turkish legal market
How are the recent economic problems, including the currency crash and inflation, affecting your firm?
Experiencing difficulties is quite normal in the current economic climate and unfortunately, we also witness the reflections of this issue among our clients. However, our country’s economic history and past have accustomed us to such ups and downs. At Aksan, in line with the precautions we have taken after Covid, we have been discussing, contemplating and implementing measures related to this situation for a while now.
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Sponsored briefing: The increasing number of enforcement and bankruptcy cases in Türkiye in recent years
Using statistical data, Egemenoğlu Hukuk Bürosu reflects upon bankruptcy in Türkiye, and looks to the effective measures available for present businesses
In recent years, the liquidity shortage in the markets, the unexpectedly high increase in raw material costs, the sudden fluctuations in exchange rates and the problems arising from the deterioration of the supply and demand balance have caused serious economic difficulties for citizens and companies in our country. As a result of this situation, many companies are struggling under the financial burden of debt. As a result of deteriorating cash flows and financial structures, companies are experiencing difficulty in paying their debts, and are subsequently encountering enforcement proceedings, and even the risk of bankruptcy. Recent negative progress in the economy has also led to an increase in the number of execution and bankruptcy files. Continue reading “Sponsored briefing: The increasing number of enforcement and bankruptcy cases in Türkiye in recent years”
Sponsored briefing: Legal nature of representations and warranties in share transfer agreements
Evrim Uygur Yamaner and İrem Özbay of Gled Partners consider seller liability in providing representations and warranties when transferring shares
In merger and acquisition (M&A) share transfer agreements, it is common to include statements and representations assuring that there are no encumbrances on the shares and that the company was properly established, legally compliant and possesses required permits and licences.
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Sponsored briefing: The licensing process in the Turkish electricity generation market
Dr Ata Torun of Hansu Attorney Partnership provides an overview of the procedure for gaining a licence to generate electricity in Türkiye
General overview of the Turkish electricity market
The energy sector in Türkiye continues to develop in accordance with decarbonisation objectives driven by national and international dynamics. In this context, the number of generation facilities based on renewable energy sources has increased significantly in recent years. Most recently, Türkiye’s National Energy Plan announced in 2023 aims to increase clean energy and energy efficiency within the scope of sustainability. In addition to the integration of renewable energy resources into the electricity system, investments in the energy sector have gained significant momentum with recent regulations on the storage of generated electricity. Continue reading “Sponsored briefing: The licensing process in the Turkish electricity generation market”
Sponsored briefing: Artificial intelligence generated content and copyright, creativity and authorship issues
Gökçe Ergün, Çağla Yargıç and Yaren Türe of Kılınç Law & Consulting report on how Turkish law views AI-generated content in the context of authorship and copyright
Artificial intelligence (AI) tools that, in simple terms, bring algorithm-based machine learning to mind, have started generating unpredictable outputs, especially with the advancement of cutting-edge systems like generative AI contributing to technological advancement. AI can generate content across a wide spectrum, ranging from texts to images, music to videos. Continue reading “Sponsored briefing: Artificial intelligence generated content and copyright, creativity and authorship issues”