Friday, January 25, 2008

Korea Needs More than 4000 New Lawyers per Year

A Korea Development Institute (KDI) report, published on January 14, 2008, strongly asserts that Korea is in need of at least an additional 4000 new lawywers per year.

The KDI report claims that between 1977 and 2006 lawsuits increased by about 13% to 14% per year, while the increase in the number of lawyers only increased by 8.4%, thus, creating a derth in supply.

The KDI report furthur claims that over the past 30 years lawyer incomes have consistently increased, thus, claiming to have dispeled the myth that the market is saturated.

The KDI proposes increasing the number of graduate law school students to 4000 per year in order to meet demand.

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SeanHayes@ipglegal.com
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2 comments:

  1. Just wondering how an australian lawyer can pick up work in a law office in south korea..any suggestions??
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  2. If you have experience working for a law firm in Australia and have handled business transactions- I would consider putting in a few applications at a few Korean law firms.

    I have heard of many lawyers that have been hired without much exposure to Korea. I would throw-in a resume and cover-letter and see what happens.

    Hong Kong is considred a better legal experience than Korea and I would also consider Hong Kong, unless you have some personal or family reasons for choosing Korea.
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