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UK top 30: revenues shrink by half a billion as PEP rebounds

So, turnover goes down but PEP goes up? In other words all those waves of redundancy led by the partners who could not get the business in was to the benefit of those very same, self-evidently incompetent partners. One upon a time law was a profession. Now it is the preserve of a venal, disgraceful, pathetic oligarchy who have scrambled up the stepladder before kicking it away. I wonder how many good lawyers will walk away from the law as a direct result. In 20 years' time we might be seeing a crisis of intelligence. Unfortunately, the current partners will not care, as they will have made their stash.

12-Jul-2010

9:11 am