Eurotunnel’s French adviser Foucaud Tchekhoff Pochet & Associés has launched its first overseas office in Turkey to take advantage of increased client activity in the region.
The Paris boutique has set up a reciprocal arrangement with Istanbul-based Postacioglu Law Office.
Name partner Etem Postacioglu has become a partner at Foucaud and head of the firm’s Istanbul office. As a result one Foucaud partner will join Postacioglu, giving the Turkish firm an outlet in Paris.
Foucaud managing partner Serge-Antoine Tchekhoff said: “We’re opening an office in Istanbul. All of our clients have more and more business in Turkey.”
Tcheckoff said partners would travel between the two offices once or twice a month to maintain personal contact.
Foucaud has a revenue of around e12m (£8.2m) and advises clients including Suez, HSBC and Eurotunnel, which the firm helped stay alive in the French courts by filing the country’s first-ever safeguard procedure.
Tcheckoff said the Eurotunnel restructuring contributed to a record year. “2006 was a spectacular year for the firm. And this year we think we’ll achieve 20 per cent revenue growth,” he said.
Foucaud has 10 partners and around 35 lawyers in total. Tcheckhoff said the firm’s headcount is unlikely to grow, despite the increasing revenue.
Foucaud’s practice is focused on dispute resolution for large multinational companies.
Tchekhoff said: “The idea is that we try and act as troubleshooters. We share big clients with large Anglo-Saxon firms, but they come and see us for more tailor-made work than the boilerplate documents.”