Started By
Message

re: Life as a Lawyer Advice Needed

Posted on 4/17/24 at 8:28 am to
Posted by lsujro
north of the wall
Member since Jul 2007
3926 posts
Posted on 4/17/24 at 8:28 am to
quote:

Practicing what kind of law?


these are almost certainly personal injury lawyers. and yes it is frustrating
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423521 posts
Posted on 4/17/24 at 8:48 am to
quote:

these are almost certainly personal injury lawyers

I can think of a few other areas where it's theoretically possible, namely bankruptcy. I know some consumer bankruptcy attorneys who print money.

But it goes with what he said that it's about being a good businessman and not necessarily a good lawyer.

A major reason why PI is so profitable in every state is that it has a very low barrier of entry in terms of legal complexity. Easy cases anyone can do with big margins, and if you cast a big enough net you'll rope some monsters. If you get a complex one or one that requires a trial, just cut 1/3 - 1/2 the fee with a trial firm.

You can do the mill thing with a few other areas, but bankruptcy is the only one that I have experienced second hand (2 different attorneys).

Theoretically possible with criminal, but to really make that kind of money your barrier of entry is big (doing major federal cases, murders, etc.) so the level of lawyering is different....or you can try the mill thing but that's only going to work in a few areas in the country.

Any practice aera that requires billing is only capable of making that money by siphoning the value of hourly billing from a lot of associates. Typically this has a high barrier to entry of both the practice area and business, so I doubt you're going to have many guys banking in a firm like this with an unaccredited law degree.
This post was edited on 4/17/24 at 10:18 pm
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram