A draft parliamentary bill published in Korea would give foreign legal consultants access to the country's legal services market. A number of UK law firms have expressed an interest in being able to operate in Korea, the world's twelfth largest economy.

Fiona Woolf, Law Society President, argued that this is an important first step down the path of liberalisation:

"The Law Society has been actively lobbying for the opening of the Korean legal market for over five years," she explained, continuing:

"The publication of the draft bill on foreign legal consultants paves the way for solicitors' firms to open offices in Korea and to offer fly-in fly-out services on non-Korean law. We will continue to forge opportunities for UK law firms in emerging markets to ensure that they do not lose ground on their international rivals."