Sunday, 10 January 2010

Lawyers Lose Out

click to enlarge

I've little sympathy with lawyers having had a few experiences with them which cost me dearly in fees.

Anyone who has dealt with lawyers who charge extortionate fees will be overjoyed to know that some Edinburgh lawyers are being forced to take a 50% pay cut.

Tods Murray, one of the Scottish law firms big in property and finance, has revealed that profits payable to its 43 members (formerly partners) crashed from £8.7m to £4.5m over the last two years to last March.

That means the average payout per lawyer has fallen from £197,873 three years ago to £104,975 last year.

Don't frighten the dog or cat shouting "Now that's justice" - please.


Strathturret said...

Yes Tods Murray were big in PFI/PPP deals. Also of course firm in Queen St that David McLetchie worked for (they've since moved).

subrosa said...

I didn't know about the PFI/PPP deals Strathturret, but the name rang a bell in connection with McLetchie.

It's a small world isn't it.

Strathturret said...

I did use Tods Murray a few year ago. McLetchie was a partner/consutant at that time.

subrosa said...

I take it he no longer practices then Strathturret. Mind you, they do have a good reputation for handling property I'm told.

Strathturret said...

I think he resigned from Tods when Taxigate was all the talk of the steamie!

I imagine his colleagues at Tods were not impressed with the bad publicity.

CrazyDaisy said...

The only good lawyer is a dead one!


Ruth@VS said...

Poor loves! The only people to benefit from the UK government's torrent of legislation over the last 12 years were the lawyers, who must have rubbed their hands with glee every time they read the latest naff offering. So I don't suppose there will be much sympathy.

subrosa said...

Hi Ruth, I wouldn't bother to do a poll asking the degree of sympathy people have for lawyers. Kind of a waste of time don't you think, when we already know the answer. I consider them a necessary evil in certain circumstances.

Strathturret said...

We need to remember the big accountacy boys did well out of PPP/PFi as well.

Why do you think the Tories are so keen on them.

Apogee said...

Love the cartoon!


subrosa said...

Of course they did Strathturret but they don't seem to have lost 50% of their salaries. I wonder why. Would it be because all business needs one?

subrosa said...

I couldn't find a British one Apogee but thought this one quite appropriate. From my angle anyway. :)

Amusing Bunni said...

Great Cartoon Subrosa: Speaking of Devils:

The devil visited a lawyer's office and made him an offer. "I can arrange some things for you, " the devil said. "I'll increase your income five-fold. Your partners will love you; your clients will respect you; you'll have four months of vacation each year and live to be a hundred. All I require in return is that your wife's soul, your children's souls, and their children's souls rot in hell for eternity."

The lawyer thought for a moment. "What's the catch?" he asked.

Here's another joke:
What do they call 100 lawyers at the bottom of the ocean? A Good Start.

subrosa said...

Love the humour Bunni. Cheered me up first thing in the morning. Thanks.

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