A lawyer walks into a bar in Limassol…

A lawyer walks into a bar in Limassol.

“I can’t find a job,” he sighs. “Do you have anything?”

“Join the queue,” the barman replies, “I’m Yale, class of 2021. The waitress graduated Harvard Law. And the bouncer was at LSE.”

Yes, it’s a joke. But it’s based in truth.

A recent Council of Europe study found that Cyprus has 505 lawyers per 100,000 residents – the highest rate of any European country, and more than double the continental average.

We...