Editor's weekly: Greed is good

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  • Dear Ms Begum,

    I write in response to your article on the huge profits the law firms are making inspite of the "grrreat economic delivery" that never was - the Editor's weekly, The Lawyer2B.Com of 15 July 2010. The law firms are perfectly entitled to whatever they make. If you work hard then you are entitled to the fruits of your labour. Your readers are clearly misguided in their reasoning. I am fed up with the silly complaints some people come up with. "High earners should be punished." "Footballers should be deported to Australia." Even Alistair Darling joined in and decreed that high earners should be ashamed of themselves. But why should a worker be punished for earning his/her keep? What is wrong with hard work? If an employer or a client decided that I am worth fifty million pounds per hour why should there be an outcry against it. Why should I settle for life on benefits after reading for a law or any other degree? Your readers have nothing better to do. The law firms and their partners are entitled to whatever profit they have worked so hard for.

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  • To the above poster - you are completely missing the point of the article.

    No one is declaring that lawyers shouldn't be rewarded for their hard work, but when the partner profits come at the expense of junior lawyers jobs then there is a problem. It is blatantly apparent that PEP has jumped this year, despite falling revenues, due to rafts of redundancies. I'm reiterating this as you obviously didn't pay a great deal of attention to the article before you began your misinformed rant.

    Put simply, profits didn't increase because of an increase in hard work, they increased because of increasing greed within the legal industry.

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