There were only two lawyers at Kim & Chang when Chung Kye-sung joined the firm in 1976: Founders Kim Young-moo and Chang Soo-kil, whose names were on the shingle.
Today, Chung is one of nearly 970, the highest number out of all Korean law firms.
A Korean law firm that opened its doors in 1973 with big dreams to offer corporate counseling like law firms in the West is today the largest firm in a highly competitive domestic legal market, known for setting new limits on how far a Korean law firm can go.
Kim & Chang was ranked 67th in The American Lawyer’s list of Global Top 100 last year, the only Korean law firm to have made the list. Chung, who now serves as a managing partner, says it was a remarkable ride watching Kim & Chang grow with the Korean economy over the decades. As Korean companies expand their businesses well beyond the borders, so will his firm, he stressed.
During a recent interview with the Korea JoongAng Daily at Kim & Chang’s office in Jongno District, central Seoul, Chung talked about the firm’s globalization strategy and how it plans to maintain the coveted top position in the Korean legal market.
The following are edited excerpts of the interview.