Yulchon is pleased to be recognized beyond Korea as one of Asia-Pacific's most innovative law firms by winning the Financial Times ("FT") award for the "Most Innovative Law Firm in Dispute Resolution." Yulchon received the highest score in Innovation in Legal Expertise among all Asia-Pacific headquartered law firms.
After being recognized by the FT as the "Most Innovative Law Firm in Korea" for two consecutive years in 2015 and 2016, the FT selected Yulchon as one of the top five most innovative law firms in the Asia-Pacific region by awarding Yulchon the "Most Innovative Law Firm in Dispute Resolution" at the FT Asia-Pacific Innovative Lawyers Awards ceremony on June 1, 2017 in Hong Kong.
Now in its fourth year, the 2017 FT Asia-Pacific Innovative Lawyers Awards celebrates the most innovative legal work in the region from both international and Asia-Pacific headquartered law firms. Looking beyond "the usual criteria of measuring lawyers by revenues, profits or deal sizes," the FT Innovative Lawyers Awards seeks to recognize "the real value that lawyers deliver to business and reward the lawyers consistently furthering the interests of their clients, their own firms and the profession itself."
Yulchon's Managing Partner Sai Ree Yun explains, "Innovation is at the core of our strategy. These awards are a testament to our commitment to excellence and innovation, and our passion for delivering ground-breaking solutions for our clients."
Selected from among more than 500 submissions and nominations from 71 law firms, Yulchon received high marks for demonstrating innovation in all three categories – business of law, legal expertise, and social responsibility.
Yulchon topped the rankings for Innovation in Legal Expertise. This category covers the innovative strategies of law firms in developing new structures, new legal strategies or new law to meet the business challenges of their clients. For example, Yulchon was recognized for (i) defending the Korean Vice Prime Minister to uphold his sanctions decision, which was challenged by an Iranian bank, and (ii) successfully representing more than 100 Korean companies in corporate tax disputes. These top two "standout" deals were commended by the Financial Times for providing innovative, client-centric legal solutions.
In the category of "Innovation in Business of Law," Yulchon's user-friendly, interactive LawTech platform – eYulchon – was highly praised as the most original and innovative initiative to drive change through technology and lead a digital transformation in the legal industry. "Yulchon is combining legal and non-legal components to create value for our clients" says Carl Im, senior advisor of Yulchon, who was specially commended for spearheading the project.
Earlier this year, Yulchon was also awarded the distinction of "National Law Firm of the Year" by Chambers & Partners, one of the world's oldest and most respected lawyer ranking firms. Yulchon's latest FT win further establishes Yulchon's leadership in driving legal innovation beyond Korea and throughout the region.
Yulchon is honored to receive this award and would like to take this opportunity to express Yulchon's sincere gratitude to its clients and friends for their continued support and trust, which motivated Yulchon to achieve this highly-respected accolade.
For further details on the awards and the list of winners,
please visit the FT website at this FT link to AP Innovative
Lawyers 2017.
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