Kim & Chang’s share of the South Korean legal market has dropped to below 50 percent for the first time ever, even though it posted more than 900 billion won ($728.7 milllion) last year, according to a report in the Maeil Business Newspaper.
According to the report, even though Kim & Chang has seen its revenue rise steadily in the past few years, its market share fell from 53.8 percent to 49.9 percent between 2012 and 2015.
Read the full report here.
Debevoise & Plimpton LLP won the Insurance Law Firm of the Year award at the ALB Hong Kong Law Awards 2024, apart from being the sponsor of the Insurance In-House Team of the Year award. Edwin Northover, Asia-based corporate partner and head of the firm’s financial institutions and corporate practices in Asia, talks about the firm's recent achievements, trends in the insurance industry, and future outlook for insurance law in Hong Kong.
U.S. law firm Kramer Levin Naftalis & Frankel and global legal giant Herbert Smith Freehills are planning to merge to create a firm with more than 2,700 lawyers, according to a joint statement on Monday.
Japanese boutique Tokyo International Law Office (TKI) is set to establish its first overseas outpost with the opening of a Singapore office in January 2025, marking a significant milestone in the rapidly expanding firm's global strategy.