Originally Posted by true
60 euro an hour is one price I heard of one solicitor charging. I suppose he reckons getting 240 for a mornings work is better than getting nothing at all. There are lots of other professionals ( architects, quantity surveyors , etc ) who are finding now they cannot charge greedy celtic tiger prices any more too. The Rip off Ireland of 200 an hour is dead for many people.
You are again showing your inability to comprehend what is being said. €200 per hour is not what a solicitor bills for every hour worked on a particular case. No solicitor actually bills 40 hrs per week to clients, so turnover per solicitor per year is nowhere near €400k.
PLUS a solicitors practise has all of the usual overheads any other business would have as well as extras that only apply to a solicitor's office. One example (admittedly not exclusive to solicitors) is high staff wages. A legal secretary can start on €25-30k per year while a junior solicitor can be at a minimum €40k per year.
On top of that, and exclusive to solicitors are practising certificates (one required for each solicitor in the firm) which cost between €2k-4k per solicitor per year. Let's add in Professional indemnity insurance at €20k (however, this will probably be alot more depending on the age of the firm, type of work and number of solicitors), stamp duty costs for court documents (in the thousands per year), bookkeeping / accounts staff (as solicitors accounts are regulated by the Solicitors Acts and require specialist knowledge). If you're a practitioner involved in litigation, let's add in the money that is very often fronted by solicitors for clients in obtaining expert's reports and testimony which can easily run to over €10k for one case alone. There are many more examples of solicitor specific costs that increase the cost of doing business.
Solicitors are also subject to the usual issues about how expensive it is to do business in Ireland, so high rents and numerous taxes, etc.
If you're complaining that solicitors are still charging Celtic Tiger fees, bear in mind that since the Celtic Tiger, solicitors overheads have not really changed. Wages may have reduced but with the increase in income taxes and other taxes as well as the big one of the increased PII fees, overheads are still the same or similar.