UK Law Society says think twice about a career in Law

censuspro

The UK law Society has launched a campaign telling students to think twice about a career in law http://news.bbc.co.uk/2/hi/business/8173400.stm

Maybe the same should be done here...

legal eagle 1

This forum is nothing but bad news...its like an episode of the six one news;) I think the fact is though even if you had a similiar campaign here.....there are some people who only want to work in the legal world and no matter how huge a campaign or how impressive campaign is nothing is going to change their mind:eek:
Than again who needs to launch a campaign..............one look at the many FE1's threads on boards would put any person who is in doubt about entering the profession completely off;)

The_Minister

Booo to closed shops!:pac:

I think the money earned by law professionals is going to go down over the next few years.

Johnny Utah

The_Minister wrote: »

Booo to closed shops!:pac:

I think the money earned by law professionals is going to go down over the next few years.

In the immediate future (next 5 years)- yes. However, in the long-term I think legal fees will rise substantially.

nuac

Johnny Utah - not sure that you are right re incomes in law after 5 years. I have been a self employed lawyer for 30++ years.

Overheads and regulation and the cost of regulation increasing year by year.

All sort of pressures keeping down fee income, and making it harder to earn those fees.

The tribunal fees have given the impression that law is a goldmine. Not so.

Johnny Utah

nuac wrote: »

Johnny Utah - not sure that you are right re incmes in law after 5 years. I have been a self employed lawyer for 30++ years.

Overheads and regulation and the cost of regulation increasing year by year.

All sort of pressures keeping down fee income, and making it harder to earn those fees.

The tribunal fees have given the impression that law is a goldmine. Not so.

I think that legal fees (ie. the fees to be paid by the client) are likely to rise. In 5 years' time, there will be fewer entering the profession, a lot of firms that focused solely on conveyancing will be gone etc, and surely these factors will affect legal fees. For example, I think it's fair to say that in 5 years, low-cost fixed price conveyancing will not be available any longer, or at least it will not be as widely available as it has been in recent years.

However, I understand that even if legal fees do rise (ie. the client pays more), it doesn't necessarily mean that the solicitor will see an increase in his income. Perhaps I should have been clearer in my earlier post.


I agree with your point on the tribunals.