Norton Rose Fulbright (NRF) and Kennedys have each formed alliances with Turkish firms. NRF has partnered with Pekin Bayar Mizrahi (PBM), while Kennedys has formed an association with Baysal & Demir. Ayşe Yüksel Mahfoud, NRF’s partner-in-charge of the firm’s Istanbul office, commented: “… the Turkish market is buoyant with inward and outward investment and capital markets transactions as well as complex cross-border financings and restructurings”. PBM’s senior partner, Selin Bayar, said: “There is demand for sophisticated cross-border legal services in Turkey”.

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