More lawyers, please

Until Japan meets the increasing demand for M&A lawyers, international legal firms will have the upper hand.
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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