Baker McKenzie, a global law firm, has established a joint venture in Korea, marking a significant development a decade after the firm initially launched an office in the country. The joint venture is called “Bae, Kim & Lee LLC” and combines Baker McKenzie’s global platform with Bae, Kim & Lee’s strong local expertise and market knowledge.
Key highlights of this joint venture include:
- Global-Local Collaboration: The joint venture allows Baker McKenzie to work closely with Bae, Kim & Lee, one of Korea’s leading law firms. This collaboration combines international legal capabilities with a deep understanding of the Korean market, offering clients comprehensive legal services.
- Expanded Services: Clients of both firms will benefit from an expanded range of services across various practice areas, including corporate, mergers and acquisitions, dispute resolution, intellectual property, and more. This enhanced offering aims to meet the evolving needs of businesses in Korea and globally.
- Market Access: Baker McKenzie’s clients gain access to Bae, Kim & Lee’s extensive experience in the Korean market. Korea is a significant player in various industries, including technology, automotive, and manufacturing, making it a strategic location for businesses looking to expand their presence.
- Global Reach: With Baker McKenzie’s extensive global network, Korean companies can access legal support and insights in international markets, facilitating cross-border transactions and global operations.
This joint venture underscores the importance of local expertise and global reach in today’s interconnected business landscape. It allows both firms to better serve their clients by leveraging each other’s strengths and delivering comprehensive legal solutions tailored to the Korean market and beyond.