[Courtesy of Latham & Watkins]
Latham & Watkins, a major US-based international law firm, has been allowed to open a branch in Seoul ahead of the full opening of South Korea's market for law-related consultancy services next year.
The Ministry of Justice said that it has approved Latham & Watkins' request to open its office in Seoul.
US law firms can provide unlimited legal services in partnership with local firms from March next year under a free trade agreement between South Korea and the United States.
Latham & Watkins, founded in 1934, is the world’s highest-grossing law firm, with 2.6 billion US dollars in annual revenue, and is widely considered to be one of the most prestigious and profitable law firms in the world.
Aju News Lim Chang-won = cwlim34@ajunews.com
reporter
Park Sae-jin
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