Business · Economy · 2 hrs ago

Former Fair Trade Commission lawyers had lower company win rates

Former Fair Trade Commission lawyers had lower company win rates

A review of cases against South Korea’s Fair Trade Commission found that companies won less often when former commission officials joined their legal teams.

The review covered 271 cases handled by six major law firms from 2022 through September, including 51 with former officials involved.

Companies won 14.8% of cases with former officials, compared with 21.6% of cases without them.

Across all cases, companies represented by the six major firms won 20.3%, compared with 6.8% for other firms.

The lower win rate contrasts with the higher pay former officials received after joining major firms; one firm’s hires saw average monthly pay rise from 8.25 million won to 30.59 million won.

Law firms say the figures do not show each lawyer’s full contribution, because different people may work on a case before it reaches court.

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What people are saying

Fair Trade Commission officialCommission representative
We do not have a separate management system, so we counted former commission lawyers’ participation in lawsuits based on the initial complaint.
via Maeil Business
Large law firm representativeLaw firm representative
Various personnel, including former Fair Trade Commission officials, are involved in cases from the pretrial stage, so it is difficult to judge the contribution of former officials simply based on the initial complaint.
via Maeil Business