The two firms have been discussing a tie-up for some time. The deal will give DLA Piper a foothold in the world’s 15th largest economy, while expanding the international network available to 45-lawyer YKK.
DLA Piper has been targeting Turkey after bringing on board Marc Grossman, the former US ambassador to Turkey, as a senior adviser.
Turkey has elicited interest from international firms of late, having emerged relatively quickly from the recession and been upgraded by ratings agency Moody’s from stable to positive this year (8 January 2010).
Other international law firms with a presence there include Clifford Chance, which hired a lawyer from local firm Pekin & Pekin in 2009, Denton Wilde Sapte and White & Case. Linklaters has a dedicated Turkey desk.
The news is a further sign that DLA Piper is expanding its international network, having formed an exclusive relationship with Kenyan firm Iseme Kamau & Maema Advocates (IKM) earlier this month (8 February 2010).