Bird & Bird is about to flap its wings and fly into Seoul. But instead of opting for opening up its own foreign legal consultant office, which 20 odd other UK and US firms have done, the firm is blazing a new trail by entering into a cooperative agreement with one of the country’s largest firms, Hwang Mok Park.
Although the strategic alliance is on a non-exclusive basis, both firms will become each other’s preferred referral partner. They will also explore the possibility of a full merger if everything goes well.
In Singapore, another Asia market that has opened its legal sector, albeit to a certain extend, this week is a highly anticipated one, at least for the six firms that were granted the first bunch of Qualifying Foreign Law Practice QFLP licences in 2008.
Meanwhile the drum is rolling and everyone is expecting to hear the Singapore government’s imminent announcement later this week.
Also on www.thelawyer.com:
- Allen & Gledhill has become the latest Singaporean firm to set up a presence in Myanmar
- Jones Day to launch its second Australia base in Perth with Allens construction partner Stephen McComish
- Shanghai firm Chen & Co joins EY Law global network as the accountancy giant eyes more market share in China
- One of legacy King & Wood’s founding partners has joined Beijing-based Commerce & Finance as a partner