Seoul, South Korea / credit: Shutterstock.comThe Korean Legal Market Had a Busy 2019. What's in Store for 2020?
Seoul office closures and openings, a big team move, lateral movement, and even Brexit shook the Korean legal market last year.
January 27, 2020 at 02:15 AM
7 minute read
By John Kang
The South Korean legal market saw a lot of activity in 2019, with some global firms opening offices and others closing them, lawyers making lateral moves, and Brexit causing so much uncertainty that one international firm closed its Seoul office for four days.
But one development is expected to continue into 2020 and shake up the Korean legal market: Seoul office closures.
In July of last year, McDermott Will & Emery closed its office in the Korean capital, becoming the second international firm to do so after Simpson Thacher & Bartlett in November 2018. Both McDermott and Simpson Thacher were part of the first wave of global firms to set up shop in Seoul in 2012.
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