South Korea’s response to COVID-19 was commended in many quarters; however, the aftermath of the pandemic coupled with global economic uncertainty has been felt intensely in the country’s legal sector. Competition among the largest law firms in the country has hit levels that have not been seen before. The tight contest has been primarily driven by domestic regulatory changes and an economic downturn propelled by the pandemic, with the firms scrambling for work in diverse practice areas such as antitrust, dispute resolution, employment, financial services, and regulatory.
This surge in competitiveness among Korea’s top legal firms is also prompting a race for talent and client mandates, as highlighted by Law.com.