This year, for the first time in its 22-year history, South Korea’s Yulchon will not be led by one of its six founders. Lawyers who specialise in corporate law and disputes have been added to the firm’s management as it seeks to break out from its traditional strength in tax and antitrust.

The new managing partners – Kang Seok-hoon, Yoon Yong-sup and Yoon Hee-woong – took over on February 1 from Yun Sai-ree, Yulchon’s managing partner of seven years and a prominent antitrust and tax lawyer in Korea. Yun was the firm’s second managing partner after succeeding Woo Chang-rok, also a founder and tax specialist, in 2012.