Salary Caps and Retained Earnings for Law Firms
The other day, I was sitting with Phil Brown, of the Law Society of Upper Canada, trying to solve the world’s problems – as we are wont to do from time to time.
I ventured that one of the constraints to access to justice is a lawyer’s overhead. And a large part of that overhead in large- and medium-sized firms, is lawyer salary.
Then I thought, how crazy is it that we live in a world where lawyers can’t survive on a salary of $250,000.00 per year – keeping in mind that this amount is about 5 times what the . . . [more]
