Tue, 21 May 2013
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Volume firm Minster Law breaks £100m turnover barrier
The small guy is well and truly FINISHED, and the bandwagon has already left.
I left my last employer as it was a small and backward firm, and I am like so many solicitors now in thinking; get a job with a large in-house.
This firm is simply a 'cattle-market', you go in at one door and if your face doesn't fit your out, you don't [due to poor files] get above 30% acceptances or 60% litigation ....your out.
This firm, and i'm not knocking them, are simply bulk merchants, who will come unstuck if they don't get enough insurance companies to feed them files.
But I am making an educated guess, they will not be with us in ten years  time; but Mr Christmas will have screwed as much dollar out of it as he possibly can do.
Sorry guys at Minster, but the truth is firms like this don't need solicitors, fee earners etc. They are a call centres, and only need a handful of legally qualified individuals.
The SRA at this moment are like Thatcher [1980's] when she gave dentists the go ahead to take only private patients. Now they are cherry picking, and the small guy with little or no income is left with DIY [pair of pliers].
The selected few solicitors in future will be serving only the rich and upper middle-classes, and making a great living. The small two and three partner firms will go to the wall; unless they are in a niche market.
Sorry guys, but that's how I see it.
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