Revealed: Newcastle's £10m law firm manager

  • Print
  • Comments (15)

Readers' comments (15)

  • It rather proves the government / insurance industry's case that this area of law has been grossly over-remunerated.

    Volume PI work is, despite the pious pronouncements of its practitioners, largely unskilled work. The industry managed to pull the wool when negotiating recoverable costs last time, pretending that the work was actually being done by solicitors. when in fact it's nearly all dealt with by low wage paralegals.

    They've now killed the goose that laid the golden egg with their greed and it's no longer an industry that I'd want to invest in.

    Unsuitable or offensive? Report this comment

  • Traditional partnership died in autumn 2007.

    Prior to that people worked up the ladder and if they were good enough they made partner.

    Now people work up the ladder and if they're good enough, then they're given a meaningless title like 'Director'.

    Unsuitable or offensive? Report this comment

  • "Good enough they made partner". Good enough in what sense. Good lawyers? Good business developers? Good managers? The reason for the parlous state in which the mid-market firms find themselves is the traditional partnership model, which failed to recognise and reward entrepreneurial and management talent at the expense of the time-served backroom biller.

    Unsuitable or offensive? Report this comment

  • Matthew, that's nonsense.

    I agree that the mid-market is in freefall. However it's because so many talented associates have left the middle market and migrated to the bigger firms.

    If you're not going to get promoted, why not get paid 35% more by working for a big firm?

    Clients have gone with the people who did their work, rather than the entrepreneur who didn't.

    Unsuitable or offensive? Report this comment

  • Excuse my ignorance but can someone explain what "a salary package of £10m" means please?
    £12.1m profits x 80% = £9.68m. Is he simply taking out all the profits before the end of March and disappearing into the sunset before Jackson kicks in?

    Unsuitable or offensive? Report this comment

View results 10 per page | 20 per page

Have your say

Mandatory Required Fields

Mandatory

Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down. In addition we may remove any comment where a complaint is made in respect of it. These actions are at our sole discretion.

  • Print
  • Comments (15)