Looking for a follow-up, more in-depth storyAs an American college student studying for the LSAT, I found the brief article “Out with the old as law firms face hard times” on July 1 very interesting. However, while I was intrigued by the topic, I was left with several questions after reading the piece several times.
How exactly are these firms coping with substituting money over quality? Is adapting to the Western-style law school system benefiting Korea? There are several different stakeholders who will be positively or negatively affected by this issue. Students who come out of law school will see more openings, but lawyers approaching 60 years of age are in jeopardy of losing their jobs. Also, how will this affect potential customers and the service they will receive? As time progresses, I think these questions can be answered in a follow-up, a more in-depth story.
I was somewhat surprised to see that law firms were struggling in Korea, but this article reminded me that even professions considered of the “higher-end,” such as a lawyer, are victim to a struggling economy.
The current state of law firms here in Korea is similar to that of the United States. In New York, lawyers in poor neighborhoods hold weekly strikes due to low wages and long hours. Many can’t even get a job. I remember one of the paralegals in the area told me there were too many prospective lawyers and not enough firms.
I’m curious to find out how shipping out grizzled veterans to save money affects the legal industry in the near future. I expect law schools to accept even less student applicants in an already competitive field.
*Noah Kim, Student at Stony Brook University in New York