UK firms lead interest in Korean Bar reform

London's law firms are pulling out the big guns to cajole Korea into opening its legal market sooner rather than later. During the economic crisis of 1997, Korea promised to open its legal market to international competition, but the extent of liberalization is still undecided. Koreans want lit...

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Bibliographic Details
Published in:International Financial Law Review 2000-02, Vol.19 (2), p.38
Main Author: Mannix, Rob
Format: Magazinearticle
Language:English
Subjects:
Acquisitions & mergers
Attorneys
Competition
Diplomatic & consular services
Economic crisis
Foreign investment
International relations
Law firms
Legal reform
Liberalization
Lobbying
Market potential
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Summary:London's law firms are pulling out the big guns to cajole Korea into opening its legal market sooner rather than later. During the economic crisis of 1997, Korea promised to open its legal market to international competition, but the extent of liberalization is still undecided. Koreans want little change, as slow as possible; US firms seem unconcerned; but UK firms have been lobbying hard for an open market.
ISSN:0262-6969