Law firm BKL announced on October 7 that it has been ranked 193rd in the 'Global 200' list published by The American Lawyer (ALM), marking its ninth consecutive year on the list. This represents a five-spot improvement from last year's 198th position.
ALM conducts an annual survey of law firms worldwide, evaluating key management indicators such as revenue and revenue per equity partner to compile the 'Global 200.' BKL has maintained its position in the rankings since first being included in 2017.
Despite global environmental changes and domestic economic uncertainties, BKL achieved approximately 12% revenue growth, reaching 470.2 billion won last year. The firm successfully handled a series of complex and high-stakes cases, with experts from various fields collaborating on major projects involving disputes, regulations, transactions, and criminal matters.
Notably, BKL represented the South Korean government in the cancellation process of the Lone Star International Investment Dispute (ISDS), successfully resolving a 13-year-long dispute. In the corporate advisory sector, the firm provided counsel on significant cross-border transactions, including the acquisition of SK Eco Plant's environmental subsidiary by global private equity firm KKR, a renewable energy joint investment project, the acquisition of palm oil operations in Indonesia by POSCO International, the sale of LG Display's factory in Guangzhou, China, and investments by Korean Air in a Canadian airline.
BKL continues to achieve results in complex international disputes and cross-border work this year. The firm won a complete victory in an ISDS case worth approximately 320 billion won filed by Schindler against the South Korean government. This case involved collaboration among experts in international arbitration, finance, and fair trade to address the complex issues of an eight-year dispute.
The firm is also continuously enhancing its capabilities in global and new business sectors. In response to cross-border legal demands, BKL is expanding its global network and specialized personnel. Recently, it launched an 'AI Infrastructure Strategy Center' to address large-scale digital infrastructure projects, such as AI data centers, and established a consulting system that connects expertise in M&A, investment, finance, project finance, energy, construction, and information protection within a single project framework.
Additionally, BKL is investing in improving the quality and efficiency of its legal services by implementing the global legal AI platform 'Harvey' and ChatGPT Enterprise across the firm.
Lee Jun-ki, BKL's managing partner, stated, "Being named among the Global 200 law firms for nine consecutive years reflects our proactive preparation for the capabilities that the market and clients need, as well as our continuous accumulation of expertise and collaborative skills to solve difficult and complex issues. We aim to grow as a law firm that connects the necessary expertise across various fields and regions to provide practical solutions to clients facing complex issues involving transactions, regulations, and disputes."
* This article has been translated by AI.
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