SEOUL, Oct. 24 (UPI) -- South Korea's law firm industry is ruled by Kim & Chang by any measure, while a handful of other companies struggle to catch up with the leader.
In terms of annual revenue, Kim & Chang reportedly posted about $1 billion last year, which was roughly equivalent to the combined revenue of its next four competitors -- Lee & Ko, Bae, Kim & Lee, Yulchon and Shin & Kim.
When it comes to the number of lawyers, Kim & Chang was also second to none.
According to the Ministry of Justice, 1,020 lawyers licensed in Korea worked for Kim & Chang as of July, followed by 565 at Lee & Ko, 519 at Shin & Kim, 497 at Bae, Kim & Lee and 433 at Yulchon.
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