It led the merger between SK Innovation Co.and liquefied natural gas supplier SK E&S Co.that created Asia's largest energy company, excluding state-run utilitiesLee & Ko surpassed the 400 billion won ($276 million) milestone in annual revenue for the first time among other leading Korean law firms, excluding Kim & Chang.“Business restructuring and the tightening of financial and fair trade regulations drove our revenue growth,” Kim Sang-gon, lawyer and head of Lee & Ko.“This trend is expected to continue this year.” Including patent service and overseas operations, Lee & Ko’s revenue came in at 432.4 billion won in 2024.
If successful, it could be the first hostile takeover of a domestic company.“Demand for legal services will continue to grow this year as companies are restructuring businesses and taking measures to respond to tougher financial regulations, as well as changing policies in the US,” said a lawyer at one of the top law firms.
South Korea’s major law firms saw rapid growth in revenue last year as the economic slowdown sparked business overhauls at top conglomerates, with some leading companies grappling with management disputes.
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