Nov. 28 (Bloomberg) -- Cleary Gottlieb Steen & Hamilton LLP, the New York-based law firm that says it has advised Korean issuers on the sale of more than $124 billion of securities, plans to open an office in Seoul now that a free- trade agreement with the U.S. has opened the door.
Cleary, Gottlieb plans to move two partners to Seoul from Hong Kong and open the office in the first half of next year, the law firm said in an e-mailed statement today.
“Having Cleary Gottlieb lawyers in Seoul will allow us to serve both our Korea-based clients, as well as clients outside the region doing business there more efficiently,” Cleary Gottlieb managing partner Mark Leddy said in the statement.
The South Korean legal market was opened to U.S.-based law firms with last week’s ratification of the free-trade agreement by lawmakers.
--Editors: Joe Schneider, Terje Langeland
To contact the reporter on this story: Douglas Wong at firstname.lastname@example.org
To contact the editor responsible for this story: Douglas Wong at email@example.com