The Office of the U.S. Trade Representative announced Tuesday that a new free trade agreement with South Korea will officially take effect on March 15, allowing U.S. law firms — some of which have recently made inroads in other Asian nations — to finally open offices in that country.
The Am Law Daily reported last week that McDermott Will & Emery had become the latest Am Law 100 firm to formally state its intention to open a Seoul office in the wake of the trade agreement’s passage. Other firms that have announced plans to set up shop on the Korean peninsula include Cleary Gottlieb Steen & Hamilton; Paul Hastings; Sheppard, Mullin, Richter & Hampton; and Simpson Thacher & Bartlett.
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