[Korea Economic Daily] [Exclusive] Lee & Ko, Shin & Kim and Bae, Kim & Lee benefiting from increased demand due to Serious Accidents Punishment Act

On May 21, 2023, The Korea Economic Daily reported that large law firms, including Lee & Ko, are experiencing a surge in demand for their services due to the significant growth of the legal market related to the Serious Accidents Punishment Act (the “Act”) over the past two years. According to a survey conducted from January 2021 to April this year on the number of serious accident-related cases and advices by the nation’s top ten law firms, it revealed that “Lee & Ko and Shin & Kim had handled over 200 cases each” and further noted that “Lee & Ko is currently providing legal advice on related cases, such as Sampyo Industry’s quarry collapse in Yangju, Gyeonggi-do, which serves as the first case subject to the new Act”.