Report this comment to a moderator

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

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 ---------------------------------------------- Agreed, City law is now deeply unpleasant and solely money driven (as evidenced by tables like the one above). Many associates have lost their jobs, and in many cases their homes and even careers, to protect the salaries of those taking home ten times as much. In an industry like car manufacturing, where profit margins are 5% or less in even good times, redundancies in bad times are a matter of survival and necessity. In City law firms, redundancies in bad times are a matter of GREED. The manner of many of those redundancies has been even more despicable, with good lawyers being pushed out in the most unpleasant manner through untrue appraisals, bullying and all manner of other 'stealth' techniques.

12-Jul-2010

10:35 am