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Ashurst, Herbies ride out tough year; BLP, Macfarlanes, SJ Berwin succumb

Get a grip What utter drivel. I hardly think a business whose partners are pocketing in excess of £1m a year can be thought of as having sucumbed to anything, by any stretch of even the most deranged imagination. Reading pointless articles like this makes me wonder what clients think of a profession whose trade publications focus on little beyond how well lawyers are doing by screwing said clients with ever-more preposterous hourly rates. I ask you - £180/hour for an NQ? The level of indiscriminate greed and money-grubbing on display here staggers me. What makes it worse still is that even these figures are not based on comparing like with like; so what if you have massive partner profits if only a third of your 'partners' actually get a share? That doesn't make proper partnerships any the less well run because the headline figure isn't so tempting to drooling, starry-eyed legal journalists.

15-Jul-2008

11:18 am