I want to be a lawyer…
260 quid per hour and 2-3 hours to write a letter
I’ll rise to the troll…
£260 per hour less staff (secretarial etc) costs, rent, heating, power and related overheads, professional membership, cost of several years of training.
2-3 hours will also include time taking your instructions, any necessary research, and probably includes an hour allocated for listening to you warbling on about high fees. 😉
HTHPosted 7 years ago
No troll, I’m just speechless.Posted 7 years ago
The letter will, I imagine be a pretty standard ‘you’ve been a naughty boy and we’re going to do this, so how do you respond?’ run of the mill letter. What do they have to research? They’re lawyers, they know the law and how to write it, no?StonerSubscriber
same as OMITN.
Not a lawyer, but I was charged out to clients at around £200-250 ph. My salary before tax worked out at around £20ph. As a freelancer I charge my clients less than a half what they used to pay, but now it’s all mine, so I work 75% less hours instead. And my overheads are far, far lower since I dont end up giving the partnership equity holders massive bonuses anymore!Posted 7 years ago
The girl I spoke to was a partner and offered discount through the trainees dropping the hourly rate to 120 quid per hour.Posted 7 years ago
Best option to go for chaps?
Partner for an outlay of close to 1k inc VAT
Or a trainee/junior with a total of 500 quid?
Trainee, on the basis that if they don’t know what they are doing, they will run it past the partner anyway.
She was quite open about this and said that she would give the letter the once over and, of course, charge me for the effort.
Patience dd, you’ll get to read it soon enough… 😈
Is that at me cynic-al?Posted 7 years ago
I work 60 – 70 hours per week as a lawyer. Until very recently my salary worked out at £9.61 gross per hour applying the lower figure
Yeah, yeah, yeah! I did some work in one of the more prestigious firms in Madrid, the trainees were worked like dogs for very little money in a highly competitive environment. The best woild go on to earn mega bucks and the rest do conveyencing. You know the game shooterman. 😉Posted 7 years agocrankboyMember
“I’m in the wrong job!!! “
or very bad at hiring lawyers or very good at hiring lawyers but unwilling to pay for quality .
My publicly funded work ranges between £46 and £69 per hour £52 per hour is the best available for night time or Xmas day . Or in exceptional VHCC work £100 per hour.
For private clients we charge up to £160 per hour. I tend to quote £140 but actually bill at £130. I’ve 20 years experience and a full set of the relevant extra qualifications for my area.
As mentioned above the hourly rate covers the cost of running the firm staff buildings paper computers books etc.
Actual pay scales are pretty varied but you are looking at between 40 and 50 k per annum top end unless you take on the genuine risk of partnership . The country is full of law firms where the partners soldier on in debt can’t afford to retire and can’t find anyone to buy them out.Posted 7 years agobravohotel8erMember
I feel sorry for a friend of mine…
He studied Law at Reading University (2:1), took the LPC at the College of Law in Guildford (or is it BPC, one of them anyway) then applied to over 200 firms before being offered a training contract at a decent sized firm in Reading. His training contract coincided with the recession and they only kept one of his intake of 8 on at the end of it.
He’s applied for all sorts of posts around the country since, but has had no luck and after 2 years has jacked it in.
Now he’s trying to establish himself as a web designer, but is getting screwed over by clients who take forever and a day to pay him. 31 years old and living with his parents again in rural Dorset…not really the life he had envisaged.
Legal Executives seem to be suffering to, they seem to be the first out of the door. Those ILEX exams take years to complete and then they find themselves earning just a few grand more than paralegals and legal secretaries.Posted 7 years ago
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