DLA Piper’s Turkish office has demerged financially from the firm, but the two are remaining linked with Istanbul’s Yüksel Karkın Küçük (YKK) now a ‘DLA Piper relationship firm’.
YKK managing partner Cüneyt Yüksel told The Lawyer the firm had “separated from DLA, but the relationship continues as strongly as in the past”. Yüksel said this meant the firm would continue to work closely with the international firm, and would continue to attend partners’ meetings.
He added that “practically, nothing has changed”.
A DLA Piper spokesperson said: “Since 2010, DLA Piper has had an exclusive alliance with YKK, a leading Turkish law firm. This has been an immensely successful period in Turkey for both firms but following discussions over the last year, both parties have concluded that their respective ambitions and strategies can be better delivered separately, with YKK and DLA Piper continuing to recognise the advantages of collaborating with each other and building on the close working relationships already established.
“Accordingly, with effect from 1 November 2014, both parties have agreed to move to a less formal relationship. Turkey remains a key legal market for the firm and one where we have significant understanding and experience; we are confident that we can continue to serve our global clients there in an efficient and rigorous manner.”
The spokesperson added that the two firms would continue to refer clients and work to each other where possible.
DLA and YKK first merged in 2010 (23 February 2010).
YKK is Turkey’s largest firm, with over 100 lawyers and 11 partners. The firm recently provided Turkish advice to Yildiz Holding on its acquisition of United Biscuits, working alongside Linklaters (5 November 2014).
Turkey remains a popular jurisdiction for international firms, although many domestic firms are small and spin-offs are common. This year Bird & Bird became the latest to move in through an association with a local practice (3 July 2014).