Law Practice
Dec. 27, 2014
Lawyers cautious as South Korea gears up to release new U.S. firm rules
As South Korea prepares to unveil new rules for U.S. law firms operating in the country, attorneys in California voice caution about whether they will try to take advantage of them.
Daily Journal Staff Writer
Two years ago, South Korea began a three-phase process for clearing the way for foreign law firms to practice there. The move, part of a liberalization that accompanied ratification of a trade agreement between the U.S. in South Korea, was ballyhooed by U.S. law firms that saw Seoul as the next step in the pivot toward Asia.
Now, as the country prepares to roll out in 2015 a third and final phase that...
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