Daeryun Law Firm launches SJKP in New York, USA... Globalization ‘accelerates’ as a stepping stone for domestic growth

Daeryun Law Firm became the first large domestic law firm to officially launch a local independent law firm, ‘SJKP LLP’, in Manhattan, New York, USA. It is evaluated that it presented a structural change in the way Korean law firms expand overseas by establishing a separate legal entity (LLP) that can perform legal work in the United States, rather than a simple overseas office.

SJKP held an opening ceremony at its office in One World Trade Center (1WTC) in Manhattan, New York, on the 20th (local time). The event was attended by about 80 political figures, including CEOs Daeryun Kim Kuk-il and Park Dong-il, New York Governor's Office Director of Asian and Pacific Affairs Sibu Nair, New York Police Commissioner (interim) Alden Foster, KOTRA New York Director Kim Rak-gon, Shinhan Bank North America President Do Geon-woo, Catskill Investment CEO Ryan Blakley, and LS Cable & System New York Corporation President Jeon Gye-ho. I achieved it.

Daeryun Kim Kook-il, CEO of SJKP, said in his opening speech, "The launch of SJKP is not simply the opening of an overseas office, but the first step in implementing the legal service model accumulated in Korea in New York, the center of the global legal market. We will expand customer-centered services based on honesty and trust to global standards to build a sustainable global one-stop service network connecting Korea and the United States."
 

▲ Securing speed and expertise through independent corporation model

The biggest feature of SJKP is that it is an ‘independent legal entity (LLP)’ with the same legal status as a local law firm in the United States. In the case of overseas offices operated by domestic law firms, there was a limitation in that they generally only played a role in coordinating overseas transactions of Korean companies or supporting collaboration with local law firms.

On the other hand, in the case of SJKP, American lawyers can directly carry out litigation, consulting, and contract review work in the name of SJKP. It is symbolic in that it overcomes the legal and institutional limitations of existing overseas offices and establishes a system that can function directly as a local law firm.
 

▲ Establishment of a ‘direct response’ system… Strengthening customer response speed and quality

As SJKP operates as an independent corporation, it is expected that there will be changes in the way customers request cases. This is because, unlike the existing method, which required reappointing a local law firm through an overseas office, lawyers residing in New York can immediately review the case and take initial action. Customers are also expected to expect time and cost savings through prompt legal response.

In addition, SJKP organically cooperates with Daeryun, which has more than 300 legal experts. Among the issues reviewed locally, if there is a need for interpretation of Korean law, it will be directly connected to Daeryun and processed accordingly. Through this, customers can receive one-stop legal services without the hassle of entrusting legal issues in two countries with different jurisdictions, the United States and Korea, to separate law firms.

To strengthen its expertise, SJKP has recruited a large number of legal experts who have accumulated a variety of experiences in major U.S. law firms, ICE (Federal Immigration and Customs Enforcement), Glover IT companies, financial institutions, and government agencies. These are New York and Washington D.C. He has accumulated practical experience in a wide range of fields, including civil and criminal affairs, international transactions, financial crimes, corporate law, asset management, real estate investment, and immigration and visas. Based on this professional manpower base, SJKP plans to expand the base of local legal services while continuing to build a professional team and advance work areas in response to the international business environment.
 

▲ “We will become a trusted legal partner for businesses and the Korean community in the United States.”

At the opening ceremony on this day, the official launch of SJKP was celebrated and its specific role and aspirations in the U.S. legal market were heavily discussed. SJKP's U.S. attorney Dong-hoo Son said, "Our top priority is to become a reliable legal partner so that Korean companies and the Korean community can focus on their business and lives with peace of mind even in the unfamiliar environment of New York. We will focus on providing the fastest and most global one-stop service for legal issues that arise locally."

The attendance of influential local figures also attracted attention. New York Police Commissioner Alden Foster said, “A trustworthy legal partner is essential to protect the safety and rights of the Korean community in New York,” and added, “We hope that SJKP will cooperate closely with us in the process of resolving various legal issues.”

Meanwhile, SJKP plans to provide customized legal services to customers in the United States, including corporate legal affairs and M&A, international investment, immigration law, criminal litigation, cross-border, and real estate and asset planning, while expanding to major cities around the world such as LA, Boston, Japan, and Europe.
 

Intern reporter Kim Nahye kim.nahye1@joongang.co.kr

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