2025 Law Firm New Year’s Message ①

◇ Kook-il Kim, representative attorney at Daeryun Law Firm, Inc.

“Beyond the Galapagos and into the ocean”

When a domestic company appoints a domestic law firm to establish a corporation in the United States, the law firm signs an advisory contract with an affiliated American law firm or brokers an appointment contract between the domestic company and the American law firm. The reality is that the domestic law firm receives only a certain fee and the American law firm takes most of the profits. As a result, domestic law firms are focusing on hiring and promoting high-ranking public officials or executives of large corporations every year, or using office managers to receive consulting and senior fees from corporate or individual clients for domestic legal work. However, it is difficult to expect an increase in sales proportional to the increase in the number of lawyers through domestic operations alone, and the profitability of domestic law firms and the average salary of lawyers are decreasing every year due to the deepening of the sales sharing phenomenon.

Accordingly, Daeryun has risen to the ranks of large law firms in 2024, but we are feeling the limitations of the domestic legal market and are in the process of improving our constitution to become a global law firm that provides the best service to foreign clients by hiring foreign lawyers based on AI legal tech and online marketing, just like at home.

As 2025 marks the Year of the Blue Snake, I hope that our legal profession will also shed its old shell and transform into a new one, going beyond the Galapagos and advancing into the ocean.

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2025 Law Firm New Year's Message ① (Shortcut)