Why are Legal Fees at Korean Law Firms Higher than New York and London: The Good, the Bad and the Ugly

I had a client note that their former Korean law firm was charging them double what they would have been charged in NY for a similar project.  This is not rare and the situation is, often, worse when litigation is involved.  A list of the best Korean law firms in Korea may be found at: 10 Best Law Firms in Korea. The Good: The Hourly Rates in Korea, normally, are Lower than Hong Kong, London, New York, Tokyo and Paris. Increased competition has brought down rates to levels equal to a decade ago. Korea is increasing the number of students that pass the bar exam. More international attorneys (American, British, German and Chinese) have entered the market, thus, increasing competition. More firms with international attorneys in Korean are capable of handling matters for foreigners. Competition is quickly bringing down the cost, however, foreign clients without knowledge of the market are

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Top 10 Law Firms in Seoul, Korea for English-Speaking Foreigners According to 10 Magazine

We are proud to note that 10 Magazine listed us in an article titled 10 Lawyers in Seoul for English-Speaking Expats .  We are listed under the title Large/International Law Firms.  Thanks for the mention 10 Magazine.  We love your work.  We have, also, been rated by other rating services. The article notes: The lawyers of IPG focus on business law, civil litigation, franchise law, and criminal defense. With affiliated offices around the world, they’re a good choice for cross-border issues. One of the partners there, Sean Hayes, runs one of the best English blogs on the Korean legal landscape, The Korean Law Blog. If the constantly-changing legal environment of this country interests you, it will make an excellent resource. The complete list of the 10 Law Firms (the article deleted/omitted one law firm) for English-Speaking Foreigners in Korea is: Large/International Law Firms in Korea IPG Legal Yulchon Lee & Ko Kim

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