Exhibit 99.1

For Immediate Release

CONTACTS
Investor Relations: Stephen Giusto, (310) 843-4144
Gregg Kvochak, (310) 556-8550
For Media: Anneli Ballard, (212) 984-9350

Korn/Ferry International Announces a 22% Increase in Fee
Revenue in the Third Quarter of Fiscal 2008

Highlights

	•		Third quarter fiscal 2008 fee revenue was $201.2 million, an increase of $36.0 million, or 22%, from $165.2 million in the same quarter last year.
	•		Third quarter fiscal 2008 diluted earnings per share was $0.37, an increase of 12% over Q3’07 diluted earnings per share of $0.33.

Los Angeles, CA, March 6, 2008 - Korn/Ferry International (NYSE:KFY), a premier global provider of talent management solutions, announced third quarter earnings today.

“As the world has flattened demand for talent worldwide has intensified,” said Gary D. Burnison, Chief Executive Officer, Korn/Ferry. “Our performance this quarter has set a new industry record and is indicative of the ongoing need for organizations to recruit and develop their people. We are focused on using our global scale, our diversified services, and our strong brand to help our clients identify, hire and develop the best leaders in the world.”

Financial Results
(dollars in millions, except per share amounts)

		Third Quarter								Year to date
		Q3’08				Q3’07				Q3’08				Q3’07
Fee Revenue		$	201.2			$	165.2			$	582.4			$	473.7
Revenue		$	212.1			$	173.5			$	615.2			$	499.4
Operating Income		$	21.2			$	21.4			$	71.7			$	62.9
Operating Margin			10.5	%			13.0	%			12.3	%			13.3	%
Net Income		$	16.3			$	14.7			$	50.5			$	42.0
Basic Earnings Per Share		$	0.38			$	0.37			$	1.14			$	1.07
Diluted Earnings Per Share		$	0.37			$	0.33			$	1.10			$	0.95

Fee revenue of $201.2 million in Q3’08 increased $36.0 million, or 22% (16% excluding the impact of exchange rates), from $165.2 million in Q3’07. Fee revenue improved globally due to an increase in revenues from all segments of the business. In Executive Recruitment, our largest segment, we experienced a 21% increase in fee revenue driven by an increase in the number of search engagements opened as well as a 14% increase in the average fee billed per search engagement compared to the prior year. In addition, Futurestep fee revenue increased 26%, compared to Q3’07 due to a 12% increase in average fee billed per engagement. Exchange rates impacted fee revenue in Q3’08 favorably by $10.0 million compared to Q3’07.

Compensation and benefits of $138.6 million in Q3’08 increased $26.3 million, or 23% (18% excluding the impact of exchange rates), from $112.3 million in Q3’07. The increase is attributable to revenue-based compensation and higher headcount in all segments of the Company. Exchange rates impacted compensation and benefits in Q3’08 unfavorably by $6.5 million compared to Q3’07.

General and administrative expenses of $35.3 million in Q3’08 increased by $8.5 million, or 32% (25% excluding the impact of exchange rates), from $26.8 million in Q3’07 as a result of an increase in business volume across all regions and segments. Exchange rates had an unfavorable impact of $1.9 million on general and administrative expenses compared to Q3’07.

Operating income was $21.2 million in Q3’08 compared to $21.4 million in Q3’07. Our financial results in the quarter include a modest amount of reserves and accruals that are aimed at reducing our cost structure to be more efficient in how we serve clients. While we may have further such amounts in the future, the intent is to lay the foundation for improved operating margins.

Balance Sheet and Liquidity

Cash, cash equivalents and marketable securities were $298.3 million at January 31, 2008 compared to $282.6 million at January 31, 2007. The increase was due primarily to improved operating cash flows offset by $56.7 million used to repurchase the Company’s common shares in open market purchases during the nine months ended January 31, 2008.

Through October 31, 2007, the Company had used all of the $125 million of share repurchase funds authorized by the Board of Directors in December 2005, June 2006 and March 2007 to buy back approximately 6.1 million shares. Through March 3, 2008, the Company has used $6.5 million of the $50 million of share repurchase funds authorized in November 2007 to buy back approximately 0.4 million shares. Under this program, shares may be repurchased from time to time in open market transactions or privately negotiated transactions at the Company’s discretion, subject to market conditions and other factors.

Interest expense was $1.2 million in Q3’08 compared to $2.5 million in the same period last year. Interest expense in the prior year related primarily to borrowings under Korn/Ferry’s convertible securities and COLI policies. The decrease in interest expense is primarily due to the conversion of all of the Company’s convertible securities to common shares during Q4’07. At January 31, 2008, Korn/Ferry had no outstanding borrowings under its credit facility.

Results by Segment

Selected Executive Recruitment Data
(dollars in millions)

		Third Quarter								Year to date
		Q3’08				Q3’07				Q3’08				Q3’07
Fee Revenue		$	173.0			$	142.9			$	501.9			$	410.5
Revenue		$	179.9			$	149.2			$	523.1			$	430.7
Operating Income		$	29.0			$	27.3			$	94.7			$	80.6
Operating Margin			16.8	%			19.1	%			18.9	%			19.6	%
Average number of consultants			521				482				512				469
Engagements (a)			1,830				1,722				5,483				5,097

(a)

Represents new engagements opened in the respective period.

Fee revenue was $173.0 million in Q3’08, an increase of $30.1 million, or 21%, from $142.9 million in Q3’07. Fee revenue improved in all regions due to an increase in the overall number of engagements and average fee per engagement. Exchange rates impacted fee revenue in Q3’08 favorably by $7.8 million compared to Q3’07.

Operating income improved $1.7 million in Q3’08, or 6%, to $29.0 million compared to $27.3 million in Q3’07.

The total number of consultants at January 31, 2008 was 518, an increase of 33 from January 31, 2007.

Selected Futurestep Data
(dollars in millions)

		Third Quarter								Year to date
		Q3’08				Q3’07				Q3’08				Q3’07
Fee Revenue		$	28.2			$	22.3			$	80.5			$	63.2
Revenue		$	32.2			$	24.3			$	92.1			$	68.7
Operating Income		$	2.0			$	2.3			$	5.6			$	5.1
Operating Margin			7.1	%			10.3	%			7.0	%			8.1	%

Fee revenue was $28.2 million in Q3’08, an increase of $5.9 million, or 26%, from $22.3 million in Q3’07. Improvements in fee revenue were driven by an increase in the average fee per engagement. Exchange rates impacted fee revenue in Q3’08 favorably by $2.2 million compared to Q3’07.

Operating income was $2.0 million in Q3’08 compared to $2.3 million in Q3’07.

Outlook

Assuming constant foreign exchange rates, Korn/Ferry estimates that fourth quarter fiscal 2008 fee revenue is likely to be in the range of $195 million to $210 million and diluted earnings per share is likely to be in the range of $0.34 to $0.38.

Earnings Conference Call Webcast

The earnings conference call will be held today at 9:00 AM (EST) and hosted by Gary Burnison, Chief Executive Officer, and Stephen Giusto, Chief Financial Officer. The conference call will be webcast and available online at www.kornferry.com, accessible through the Investor Relations section.

Korn/Ferry International (NYSE:KFY), with more than 80 offices in 39 countries, is a premier global provider of talent management solutions. Based in Los Angeles, the firm delivers an array of solutions that help clients to identify, deploy, develop, retain and reward their talent. For more information on the Korn/Ferry International family of companies, visit www.kornferry.com.

Statements in this press release and our conference call that relate to future results and events (“forward-looking statements”) are based on Korn/Ferry’s current expectations. Readers are cautioned not to place undue reliance on such forward-looking statements. Actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties which are beyond the control of Korn/Ferry. The potential risks and uncertainties relate to competition, the dependence on attracting and retaining qualified and experienced consultants, the portability of client relationships, local political or economic developments in or affecting countries where we have operations, currency fluctuations in our international operations, risks related to the growth and results of Futurestep, restrictions imposed by off-limits agreements, reliance on information systems and employment liability risk. For a detailed description of risks and uncertainties that could cause differences, please refer to Korn/Ferry’s periodic filings with the Securities and Exchange Commission. Korn/Ferry disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

[Tables attached]

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share amounts)
(unaudited)

		Three Months Ended								Nine Months Ended
		January 31								January 31
		2008				2007				2008				2007
Fee revenue		$	201,156			$	165,239			$	582,366			$	473,720
Reimbursed out-of-pocket engagement expenses			10,935				8,269				32,826				25,721
Total revenue			212,091				173,508				615,192				499,441
Compensation and benefits			138,594				112,343				391,984				318,852
General and administrative expenses			35,255				26,806				101,168				79,431
Out-of-pocket engagement expenses			14,250				10,394				42,664				31,040
Depreciation and amortization			2,812				2,557				7,701				7,214
Total operating expenses			190,911				152,100				543,517				436,537
Operating income			21,180				21,408				71,675				62,904
Interest and other income (expense), net			3,777				664				6,074				(289	)
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries			24,957				22,072				77,749				62,615
Provision for income taxes			9,353				8,100				29,753				23,184
Equity in earnings of unconsolidated subsidiaries			652				758				2,469				2,528
Net income		$	16,256			$	14,730			$	50,465			$	41,959
Interest expense on convertible securities, net of taxes			36				785				109				2,354
Net income adjusted for computation of diluted EPS		$	16,292			$	15,515			$	50,574			$	44,313
Basic earnings per common share		$	0.38			$	0.37			$	1.14			$	1.07
Basic weighted average common shares outstanding			43,247				39,650				44,273				39,229
Diluted earnings per common share		$	0.37			$	0.33			$	1.10			$	0.95
Diluted weighted average common shares outstanding			44,303				47,449				45,839				46,860

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES
FINANCIAL SUMMARY BY SEGMENT
(in thousands)
(unaudited)

		Three Months Ended																Nine Months Ended
		January 31																January 31
		2008								2007								2008								2007
Fee Revenue:
Executive recruitment:
North America		$	94,812							$	82,177							$	276,988							$	237,667
Europe			46,292								37,872								133,072								104,878
Asia Pacific			25,322								18,608								72,639								55,169
South America			6,617								4,311								19,184								12,777
Total executive recruitment			173,043								142,968								501,883								410,491
Futurestep			28,113								22,271								80,483								63,229
Total fee revenue			201,156								165,239								582,366								473,720
Reimbursed out-of-pocket engagement expenses			10,935								8,269								32,826								25,721
Total revenue		$	212,091							$	173,508							$	615,192							$	499,441
Operating Income (Loss):						Margin								Margin								Margin								Margin
Executive recruitment:
North America		$	16,167				17.1	%		$	17,428				21.2	%		$	57,346				20.7	%		$	51,286				21.6	%
Europe			7,116				15.4	%			5,996				15.8	%			20,871				15.7	%			17,391				16.6	%
Asia Pacific			5,444				21.5	%			3,622				19.5	%			14,595				20.1	%			10,609				19.2	%
South America			291				4.4	%			231				5.4	%			1,836				9.6	%			1,329				10.4	%
Total executive recruitment			29,018				16.8	%			27,277				19.1	%			94,648				18.9	%			80,615				19.6	%
Futurestep			2,026				7.2	%			2,252				10.1	%			5,642				7.0	%			5,141				8.1	%
Corporate			(9,864	)							(8,121	)							(28,615	)							(22,852	)
Total operating income		$	21,180				10.5	%		$	21,408				13.0	%		$	71,675				12.3	%		$	62,904				13.3	%

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
(unaudited)

		As of				As of
		January 31, 2008				April 30, 2007
ASSETS
Cash and cash equivalents		$	223,654			$	232,531
Marketable securities			74,691				91,736
Receivables due from clients, net of allowance for doubtful accounts of $14,062 and $9,822, respectively			139,965				107,751
Income taxes and other receivables			5,987				6,357
Deferred income taxes			10,074				9,524
Prepaid expenses			18,864				16,861
Total current assets			473,235				464,760
Property and equipment, net			31,138				25,999
Cash surrender value of company owned life insurance policies, net of loans			79,458				76,478
Deferred income taxes			46,065				42,013
Goodwill			139,392				124,268
Intangible assets, net			15,638				18,040
Investments and other			10,736				9,933
Total assets		$	795,662			$	761,491
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable		$	12,104			$	10,383
Income taxes payable			24,468				22,432
Compensation and benefits payable			148,387				158,145
Other accrued liabilities			35,385				38,529
Total current liabilities			220,344				229,489
Deferred compensation and other retirement plans			104,144				91,360
Other liabilities			5,831				7,687
Total liabilities			330,319				328,536
Stockholders’ equity:
Common stock: $0.01 par value, 150,000 shares authorized, 54,226 and 52,323 shares issued and 46,374 and 47,174 shares outstanding, respectively			388,370				400,126
Retained earnings			79,268				32,344
Unearned restricted stock compensation			(34,675	)			(19,567	)
Accumulated other comprehensive income			32,927				20,605
Stockholders’ equity			465,890				433,508
Less: Notes receivable from stockholders			(547	)			(553	)
Total stockholders’ equity			465,343				432,955
Total liabilities and stockholders’ equity		$	795,662			$	761,491