Pinsent Masons‘ European alliance, Pinsent Masons Luther Group (PMLG), has extended into Turkey via a joint venture with Turkish firm Köksal.
Ankara and Istanbul-based Köksal has linked with German firm Luther and Austrian member Karasek Wietrzyk Rechtsanwälte. The joint venture, called Luther Karasek Köksal, began trading last month.
Stefan Kraus, managing partner of PMLG co-founder Luther, said: “There are longstanding economic links between Turkey and German-speaking countries, and Turkey’s a key strategic location for companies doing business in Europe and the Middle East.”
The move came less than two months after PMLG’s launch on 8 January, which allied Pinsents, Luther and Karasek with firms in France, the Baltic States and Hungary. There are also ‘best friends’ in the Czech Republic, Italy, the Netherlands and Poland.
The Turkish tie-up will help PMLG members capitalise on Turkey’s rapid economic growth. Pinsents in particular is likely to target the country’s booming project finance, infrastructure and construction markets and dispute resolution. “Our joint venture with Köksal gives clients the best of both worlds, in terms of unrivalled local expertise and a strong cross-border capability through Luther, Karasek and the wider membership of PMLG,” said Kraus.
As first reported by The Lawyer (19 February), Pinsents is also setting up a pan-European dispute resolution group with Luther, hoping to establish an exclusive relationship between the dispute resolution teams of PMLG’s 36 European offices.
Pinsents, Luther, Karasek and French member Granrut Avocats have already signed up. Talks are being held with PMLG firms in Estonia, Latvia, Lithuania and Hungary, plus non-PMLG firms Domanski Zakrzewski Palinka in Poland and Weinhold Legal in Prague.