The Looming Threat for South Korean Law Grads? Unemployment.

, The Asian Lawyer

   |1 Comments

Reforms that have greatly expanded the number of lawyers promise a bright future for the Korean profession. But that doesn't help those hitting the market now.

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What's being said

  • Sean Hayes (IPG Legal)

    The unemployment rate among Korean law graduates is high, however, the cause of the unemployment is not, simply, the increase in the number of attorneys. More attorneys must be trained how to market their services and also service the lower end of the market. I see changes in both occurring and, thus, I expect the unemployment rate, over the next few years, to decrease - not increase as all fear. The market is expanding because of increased competition. More attorneys are willing to charge based on a pure contingency basis, thus, allowing greater access for clients. I will write a post on this issue at: www.thekoreanlawblog.com.

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