Daeryun Law Firm converts to a limited law firm...'Leaps to become a global law firm'

Daeryun Law Firm reorganizes itself as a limited company. On the 7th, Daeryun Law Firm announced, “We have converted the organization to Daeryun Law Firm (Limited), which is more advantageous than Infinite Law Firm in growing the organization through quick decision-making and recruiting external talent.”

Unlike existing unlimited liability law firms, limited law firms are liable for damages incurred during business operations up to the amount previously invested by the attorney in charge and members who directly direct and supervise them. Since the scope of lawyers' joint liability is narrowed, more lawyers can be recruited, making it easier to expand the law firm. In addition, since it is mandatory to accumulate compensation reserves or subscribe to liability insurance at the corporate level, it is evaluated that it is helpful in protecting clients and has become advantageous in securing competitiveness through risk management.

The requirement for ‘unanimity of member lawyers’ for unlimited liability law firms is also relaxed. When recruiting external experts or changing the articles of incorporation, decisions can be made only with the agreement of a majority of the member lawyers, which has the advantage of eliminating procedural hassles and ensuring efficiency and speed.

For reference, in order to change or establish an organization as a limited law firm, more than 500 million won in capital is required, and the requirements are known to be somewhat more stringent than the existing unlimited law firm system, such as strengthening the transparency of law firm accounting processing and having a compensation system for damages to customers.

Daeryun Law Firm (Limited) Representative Attorney Shim Jae-guk said, "Through the conversion to a limited company, we have established protection measures for members and clients and secured organizational efficiency and flexibility. We will strive to become a global law firm based on the expertise we have accumulated."

In addition, he introduced the newly introduced management strategy, saying, “To respond to the changes in the industrial environment brought about by the coronavirus pandemic, we plan to further expand investment in education and human resources training as well as work systems.”



■Non-face-to-face work optimization solution

In order to lead the untact industrial environment brought forward by COVID-19, the establishment of a non-face-to-face organizational ecosystem will be declared as a 2021 strategic task and the management system will be reorganized. The video conferencing system introduced for collaboration between the headquarters and 11 regional offices is also applied to clients whose face-to-face meetings are restricted due to COVID-19, providing non-face-to-face consultation.


In addition, through a collaborative system, professional and dedicated lawyers residing throughout the country form a case team, exchange opinions in real time, and perform work as legal representatives. Based on accumulated legal data, we provide one-stop legal services such as quick and professional consultation, issue analysis, defense strategy setting, logic verification, and trial.

■Preparing to introduce a flexible work system

As telecommuting becomes more common and the boundaries between work spaces are disappearing, 'Work-Life Blending', which leads career development through work-life harmony, is becoming a new work trend, replacing 'Work-Life Balance', which separated work and life.

Accordingly, we are piloting a selective work time system and supporting efficient use of working hours. The background to the introduction of the flexible work system is that as the non-face-to-face online work environment spreads and the distinction between work spaces becomes blurred due to the prolonged COVID-19, the meaning of physical time working at the company has disappeared. Focused on increasing work efficiency and productivity by working freely in a variety of environments through the flexible work system. Welfare systems such as maternity leave, childcare leave, reduced working hours, and sabbatical leave can be flexibly utilized as needed.

■Continue efforts to develop talent

Based on the management philosophy of ‘giving the best treatment to the best members and valuing talent,’ we support education, training, and book purchase expenses for member growth and actively encourage in-house study lectures.

A Daeryun official said, "Currently, we have introduced a permanent recruitment system regardless of field to attract excellent talent. We are setting the industry's highest salary guideline to set the starting salary, and the salary increase rate for talented members is also maintained at the highest level compared to the same industry."

He added, "There is nothing more unfortunate than a talent not applying to a corporation due to salary issues. Our goal is to hire good talent and work with them for a long time. We are sparing no investment in all areas, including lawyers, litigation, management, and service research and development. Through these efforts, the number of applicants who sympathize with the values ​​pursued by the corporation is increasing, expanding the pool of candidates from whom to choose excellent talent."

Currently, Daeryun Law Firm (Lihan) operates law offices in Seoul, Busan, Daegu, Incheon, Gwangju, Daejeon, Ulsan, Suwon, Changwon, Cheongju, Jeonju, Uijeongbu, Chuncheon, Jinju, and Jeju. We protect our clients' rights and interests through specialized lawyers in various fields, including civil affairs, criminal affairs, corporate law, global investment, mergers and acquisitions, property crimes, and financial securities.

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