Growth, Seoul-style

It is the time of the year again when UK firms announce their 2012/13 financial results. It has been a varied year with Addleshaw Goddard posting a fall in revenues by 2 per cent to £167m, Bird & Bird reporting an income hike of 6 per cent to £249m and Olswang also pushing up revenues by 3 per cent to £111.3m.

In Asia, however, growth is booming by comparison.

As The Lawyer revealed today, Korea’s six top law firms together recorded a total revenue of collective revenue of £657m, representing a 20 per cent jump from last year’s results.

This is particularly significant given the recent influx of foreign rivals into the market – DLA Piper, Greenberg Traurig. Linklaters and Baker McKenzie to name a few.

With so many new entrants in the market can domestic Korean firms achieve a repeat performance for 2013/14? We’ll be in on hand to keep you updated.

Meanwhile, later this month The Lawyer will publish the inaugural edition of The Lawyer Asia Pacific 100, an in-depth analysis of the top Korean firms and other leading independents and international players in the Asia Pacific region. It is not to be missed!

BREAKING NEWS
Top six Korean firms boost 2012 collective revenue by 20 per cent to £657m
Jones Day to downsize in Beijing
Addleshaws embarks on exclusive alliance with Tokyo firm
Ashurst adds to non-exec trend as ex-UBS and CBA duo join boards
Asian moves: 4 June 2013