Monday, March 1, 2010
The Recession Hits Lawyers Too
No one is going to lose sleep worrying about how their divorce lawyer is going to pay her staff or keep her lights on, but the harsh reality is that the amount that lawyers charge is a direct reflection of what it costs to run a law office today. Lawyers are charging more and making less than ever before. They also have one of the worst collection rates of any other business, so from every dollar charged they can expect to keep very few cents as income. They are the first NOT to get paid...because "they can afford it." NEWS FLASH- We can't anymore. The recession has combined with the factors just mentioned to bring us to our knees. If you want legal services, you have to pay for them. Please.
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