Latham & Watkins is laying the groundwork for a South Korea launch, filing an application for a foreign legal consultant office and signing a lease for office space in the Yeouido financial district.
Envoys representing the US, UK, EU and Australia have protested the current bill on the opening of Korea's legal market in a joint statement, prompting criticism from Korean lawyers' groups of their 'intervention in domestic affairs.'
An IBA session on crossborder legal services and free trade agreements has heard that bids to open up South Korea to international law firms are still facing obstruction.
The litigation boutique has announced it is opening in South Korea, and will relocate co-founder and partner Michael Kim to lead the new office.
A revised draft of proposed laws by the Ministry of Justice will make Korea more fully open to European and American law firms in July 2016 and March 2017, respectively.
The Seoul office will be the 39th in the law firm's international network, opened to support long-standing project finance clients and to broaden advice given on M&A, private equity and dispute resolution.
The big four accountancy giant is in the process of building up its Asian alliance members and has teamed up with a South Korean law firm.
Milbank, Tweed, Hadley & McCloy has just opened a Korean office which will focus on international M&A, private equity, project finance and - reflecting the managing partner's specialisms - aviation.
A string of victories by the large law firms has prompted the National Tax Service (NTS) of Korea to reorganise its legal affairs teams and rethink its tactics.
Pressure is coming on the South Korean parliament to pass a bill which would increase the punishment handed out to civil servants who take bribes.
Some 720 of the Korean civil servants who have retired in the last five years have been taken on by law firms, conglomerates and financial companies.
There are 177 former government officials acting as consultants or other advisers to the top ten Korean law firms, according to government agencies.
Taylor Wessing will have access to 120 lawyers across South Korea through an association with local practice DR & AJU.
New York-based Simpson Thacher & Bartlett was beaten only by local firm Kim & Chang in the Bloomberg M&A advisory Q1 league tables for 2014.
The Big Four accountancy giant plans to earn 15 to 20 per cent of its income in Asia, with a doubling of staff numbers in the area, in the next five years.
Skadden Arps is to open a Seoul office staffed by up to four lawyers.
Bird & Bird has become the first international firm to sign a co-operation agreement with a firm in the Korean top ten.
The Indian state of West Bengal is braced to see a fall in tax revenue this year after Tata Steel, Cadbury and other multinationals challenged one of its tax laws.
The Korean Bar Association (KBA) is urging the National Assembly to revoke plans for a new professional entry scheme which would make it harder for people from poor backgrounds to become lawyers.
Ius Laboris, the world's largest HR legal network, has expanded its alliance of law firms to include New Zealand and Korea.