BigLaw Faces Stiff Competition In Crowded Korean Market

Law360, New York (April 24, 2013, 8:19 PM EDT) -- The wave of foreign firms setting up shop in South Korea's newly opened legal market is already causing concern about a scramble for limited high-end work and fee competition from established domestic firms trying to protect their turf, according to market experts. 

Just a year after Asia's fourth-largest economy became accessible to foreign legal offices, at least 17 firms have received government and domestic bar association approval to open branches in the capital of Seoul; many more have reportedly applied for licenses that limit them, for...
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