Korea Report: One Man's Meat | Asian Legal Business
Herbert Smith Freehills recently announced its departure from the South Korean legal market, continuing a steady stream of international law firm exits in the past few years. At the same time, Watson Farley & Williams established a Seoul office, while Ashurst recently became a part of the country’s first-ever joint law venture. Lawyers say that with hurdles like language barriers, growing competition and tight regulations, the key to longevity might involve closely hewing growth strategies to Korea’s market potential.
Source: legalbusinessonline.com