More lawyers, please

Until Japan meets the increasing demand for M&A lawyers, international legal firms will have the upper hand.
June 18, 2001
It may seem an odd thing to say, but there are just not enough lawyers in Japan, at least. With less than a thousand passing the bar exam each year, that situation is hardly surprising.

And thats a severe problem for Japans burgeoning MA market. Its very hard to find MA lawyers, says Linklaters Alliances MA head, Simon Davies. Up 'til two years ago, the pass rate was 2%. So the number of qualified lawyers is very low. And theyre not necessarily commercially-minded.

Thats not something he is necessarily complaining about, as he claims it is driving domestic Japanese firms to use Linklaters and other...

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