South Korea’s response to COVID-19 was widely hailed as a success, but the pandemic, combined with global economic uncertainty, has had a lasting impact on the country’s legal market. Competition among the country’s largest law firms has now escalated to a level previously unseen.

Driven by domestic regulatory changes and a pandemic-induced economic slowdown, Korean law firms have been locked in fierce competition for work in such practice areas as antitrust, dispute resolution, employment, financial services and regulatory.