Lawyers Go Bust – 'Peak' Lawyers

[Oz-BlokeParticipant 3233]

I have been reading with much delight of an increasing number of Australian law firms going bust after years of milking their clients, avoiding taxes and lining their pockets.

With the economy hitting its ‘peak’, it would appear the days of ever-growing law firms charging ever-outlandish hourly fees may be coming to an end. Hopefully we have seen the days of ‘peak-lawyer’ This will be music to the ears of anyone who has been divorced-raped by both their ex-wife and their law firm charging upwards of $400 an hour for what essentially equates to years of protracted letter writing.

There’s a sweet irony in lawyers that charge $400-an-hour going broke, particularly given the minimum wage here in Australia is $17.29 an hour. How poorly managed must a sector be when it goes broke charging more than 23-times the minimum wage. Think of all the discarded fathers and ex-husbands who have to work 23 hours just to pay their lawyer (or more likely a secretary or paralegal) for just one-hour’s worth of cushy, pen-pushing, paper-filing and e-mailing. Lawyers drag the fights between couples on for as long as possible to extract every dollar possible from both sides of the argument. They joke that they will fight your case to your very last dollar.

Ironically, a law firm that went bust last week tied to blame an Australian Tax Office (ATO) investigation into their financial and tax affairs. The law firm said the costs of a 5-year court litigation were crippling. Welcome to our world f~~~ers! Imagine the ATO is the gynocracy – now you know what it feels like to be dragged through the court system and financially decimated by a State-sponsored behemoth (particularly when your lazy, unemployed, stay-at-home ex-wife / girlfriend has free legal representation courtesy of Legal Aid) .

Looks like the ATO clampdown on tax-dodging lawyers and barristers is long overdue – http://www.smh.com.au/national/rich-lawyers-dodging-income-tax-20130526-2n50f.html

It’s a given that lawyers, solicitors and barristers will continue to make money as long as there are births, deaths and marriages and future MGTOW are led to through the slaughterhouse of the family law system, but it’s comforting to know there will be fewer lawyers and law firms on the horizon.

Law firms pyramid scheme model coming undone –
http://www.crikey.com.au/2013/10/31/law-firms-pyramid-scheme-model-coming-undone/

As expected, the data shows that despite an initial burst of female lawyers in their peak c~~~-carousel SMV years, their numbers dwindle as they engage in hypergamy, marry a walking wallet (maybe a senior partner?), breed or find the sector too stressful and unforgiving post-wall. Again it is left to the men to be reliable and consistent in the workplace –

#ManOut

[Anonymous 42]

Vampires can’t go out in daylight and they can’t survive on bones.

[WhackerGuy2030Participant 999]

Parasites killing the host. Whoops.

[uchibenkeiParticipant 7965]

Before i met lawyers, i didnt realize it took 30 minutes to read an email and respond with a 2 sentence answer. 20 minutes to listen to a 2 minute voice-mail. How do they have time to get anything done?

I bathe in the tears of single moms.

[Nice Guy EddieParticipant 527]

C. Montgomery Burns had it nailed:

Bunch of c~~~s, the lot of them.

[Jan SobieskiParticipant 28791]

An excess of lawyers means an excess of lawsuits. They have to earn their pay.

Love is just alimony waiting to happen. Visit mgtow.com.

[sidecarParticipant 35837]

The whole reason for the recent push for gay marriage was the collapse in hetero marriages and the resulting collapse in lawyer supporting hetero divorces. They needed to shore up their DivorceCorp profits with new flocks to slaughter.

[Oz-BlokeParticipant 3233]

sidecar wrote:

The whole reason for the recent push for gay marriage was the collapse in hetero marriages

You are bang on Sidecar. Thanks to MGTOW, lawyers are desperate to inject some life support into their dying business model.

#ManOut

[505vikingoParticipant 521]

Personally, I avoid lawyers at all costs. Anything involving a lawyer is no longer interesting to me. Paying $250.00 to $300.00 an hour for a ream of meaningless paperwork that traps you in any court system is toxic in my opinion. I have no regrets and have done quite well thus far.

[AttonParticipant]

fewer lawyers and law firms on the horizon.

For every single one that closes two will open.

A MGTOW is a man who is not a woman's bitch!

[Anonymous 3]

Oz-Bloke wrote:

There’s a sweet irony in lawyers that charge $400-an-hour going broke, particularly given the minimum wage here in Australia is $17.29 an hour.

Why? If you knew or understood anything about business, which you obviously don’t, you would realise that the $400.00-an-hour, or whatever the charge might be, is what the lawyer charges you to cover his costs and overheads, which must be paid before drawings.

In a standard law firm business model, all costs go to the bottom-line, so how large a lawyer’s drawings are on that $400.00-an-hour depends on how efficient the lawyer is in driving-down his costs, but he doesn’t have complete control over the situation due to regulatory and compliance impositions.

I don’t know what the regulatory situation is for lawyers in Australia, or indeed which part of Australia you are in, but in most jurisdictions, lawyers generally have huge regulatory and compliance costs, which must be met and are often front-loaded – and that’s before you even get to ordinary overheads.

You celebrate the apparent financial downfall of a law firm because you’re ignorant. You don’t seem to realise that if a law firm goes down, the people who suffer are the non-qualified and support staff. The lawyers, who are usually highly qualified, can mostly just move on to other opportunities, especially if they are senior.

That $400.00-an-hour doesn’t go in the lawyer’s pocket. It pays for the business and ensures you receive a proper service from a firm with premises, support staff – people who do the photocopying, filing, typing, greet you when you need to see your lawyer and answer the phone when you call. It pays for the professional indemnity insurance. It pays for your lawyer’s annual registration/licence fees. It pays for the regulator and the complaints body, should things go wrong. It pays for the building maintenance costs, and for the electricity and other utilities. It pays to keep the law firm’s IT and computing systems running. It pays for the office furniture. Last but not least, it also pays for your lawyer’s drawings or salary, which he is entitled to for undertaking specialist work. Would you work for free? No, so why should lawyers?

Oz-Bloke wrote:

It’s a given that lawyers, solicitors and barristers will continue to make money as long as there are births, deaths and marriages and future MGTOW are led to through the slaughterhouse of the family law system, but it’s comforting to know there will be fewer lawyers and law firms on the horizon.

It’s a given that plumbers will continue to make money as long as people need to use the toilet. Plumbers cynically take advantage of this. It’s a given that doctors will continue to make money as long as people suffer from health problems and illnesses. Doctors disgustingly take advantage of this human flaw to profiteer.

[Author]

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