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 26% Increase in Fee

Revenue in the Second Quarter of Fiscal 2008

Highlights

Los Angeles, CA, December 6, 2007 - Korn/Ferry International (NYSE:KFY), a premier global provider of talent management solutions, announced second quarter earnings today.

“As companies grapple with the challenges of attracting and retaining talent, demand for Korn/Ferry’s solutions continue to be strong,” said Gary Burnison, Chief Executive Officer. “We are pleased with our results in the second quarter and believe that our record revenues and profits reflect the strength of our business and the soundness of our strategy to provide our clients with world class solutions to attract, retain, develop and reward talent for their organizations. We are continuing to invest in all areas of our business to address the long-term opportunities we see to serve our clients.”

Financial Results

(dollars in millions, except per share amounts)

Fee revenue of $195.9 million in Q2’08 increased $40.2 million, or 25.8% (20.5% excluding the impact of exchange rates), from $155.7 million in Q2’07. 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 25% increase in fee revenue driven by an increase in the number of search engagements opened as well as a 21% increase in the average fee billed per search engagement compared to the prior year. In addition, Futurestep fee revenue increased 30.1%, compared to Q2’07 due to a 30% increase in average fee billed per engagement. Exchange rates impacted fee revenue in Q2’08 favorably by $8.3 million compared to Q2’07.

Compensation and benefits of $130.4 million in Q2’08 increased $28.3 million, or 27.7% (22.2% excluding the impact of exchange rates), from $102.1 million in Q2’07. The increase is attributable to revenue-based compensation and higher headcount in all segments of the Company. Exchange rates impacted compensation and benefits in Q2’08 unfavorably by $5.6 million compared to Q2’07.

General and administrative expenses of $34.2 million in Q2’08 increased by $5.9 million, or 20.8% (14.8% excluding the impact of exchange rates), from $28.3 million in Q2’07 as a result of an increase in business volume across all regions and segments. Exchange rates had an unfavorable impact of $1.7 million on general and administrative expenses compared to Q2’07.

Operating income was $25.4 million in Q2’08, an increase of $4.3 million or 20.4%, over Q2’07.

Balance Sheet and Liquidity

Cash, cash equivalents and marketable securities were $242.0 million at October 31, 2007 compared to $229.4 million at October 31, 2006. The increase was due primarily to improved operating cash flows offset by $50.2 million used to repurchase the Company’s common shares in open market purchases during the six months ended October 31, 2007.

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. On November 2, 2007 the Board of Directors authorized the repurchase of up to an additional $50 million of the Company’s common stock in a common stock repurchase program. 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 Q2’08 compared to $2.6 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 October 31, 2007, Korn/Ferry had no outstanding borrowings under its credit facility.

Results by Segment

Selected Executive Recruitment Data

(dollars in millions)

Fee revenue was $169.1 million in Q2’08, an increase of $34.0 million, or 25.2%, from $135.1 million in Q2’07. 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 Q2’08 favorably by $6.5 million compared to Q2’07.

Operating income improved $6.4 million in Q2’08, or 24.1%, to $33.0 million compared to $26.6 million in Q2’07.

The total number of consultants at October 31, 2007 was 523, an increase of 45 from October 31, 2006.

Selected Futurestep Data

(dollars in millions)

Fee revenue was $26.8 million in Q2’08, an increase of $6.2 million, or 30.1%, from $20.6 million in Q2’07. Improvements in fee revenue were driven by an increase in the average fee per engagement. Exchange rates impacted fee revenue in Q2’08 favorably by $1.8 million compared to Q2’07.

Operating income decreased $0.3 million to $1.5 million compared to $1.8 million in Q2’07. Operating margin for the quarter decreased from 9.0% in Q2’07 to 5.7% in Q2’08.

Outlook

Assuming constant foreign exchange rates, Korn/Ferry estimates that third quarter fiscal 2008 fee revenue is likely to be in the range of $190 million to $200 million and diluted earnings per share is likely to be in the range of $0.34 to $0.39.

Earnings Conference Call Webcast

The earnings conference call will be held today at 9:00 AM (EDT) 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)

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES

FINANCIAL SUMMARY BY SEGMENT

(in thousands)

(unaudited)

KORN/FERRY INTERNATIONAL AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share amounts)

(unaudited)