'Young beggars' among the fat cats
THE IMAGE OF THE fat-cat barrister raking in the cash is one which has survived the economic downturn.
But the reality is very different for many barristers in the early stages of their career. They often face financial hardship during their training and, once qualified, struggle to find work. Some cannot even afford to pay the rent on their business premises.
Young barristers, referred to in Hong Kong as YBs, are now being nicknamed 'young beggars'.
'It is much more difficult these days for young barristers to get their names known, to get the business in and, therefore, to survive,' said Donald Leo, chairman of the Bar Association's young barristers' committee.
He traces the problem back to the economic crisis of 1997 when graduates found themselves unable to get jobs with law firms and opted for the Bar as an alternative.
The market was swamped and solicitors hiring barristers for their clients began to regard the rookies as not being up to scratch.