Unfortunately, the one DC lawyer who needs to be unemployed the most still has almost four years left on his engagement.
Unfortunately, the one DC lawyer who needs to be unemployed the most still has almost four years left on his engagement.
As an insurance defense attorney, my husband says that you can always tell when economic times are bad because his business goes crazy. It is all the people looking for “free money” by suing. He hiring.
Anything that reduces the number of lawyers roaming around, isn’t all bad. This country is awash in lawyers and that is part of our problem.
Is this article trying to make you feel sorry for lawyers? From the article:
“From 2004 to 2007, the latest year for which government data are available, spending in the profession grew annually from 6.1 percent to 7.7 percent. In comparison, the GDP as a whole grew only by about 3 percent annually during that time.”
From another source on 2008:
Total legal spending increased by 5% in the U.S and by 3% worldwide. The four previous Surveys reported total legal spending growing at a rate of 6-7% in the U.S. Total legal spending per lawyer in the U.S. and worldwide is over $1 million.
http://www.hildebrandt.com/Documents.aspx?Doc_ID=2732
There are far too many lawyers in the US. They create enormous burdens on the productive members of society. This legal spending data does not reflect the cost of people and businesses who are forced into bankruptcy, the cost of malpractice insurance for doctors and the lost productivity due to the enormous time and effort complying with legal requirements. The trial lawyers are politically connected and are parasites helping to destroy our economy.
Lawyer bump for later.............
This nation could EASILY take a million of its lawyers and convert them to something useful and constructive like plumbers, accountants, electricians or 7-11 counter help, and not miss a beat.
No that is wrong. The country would not just, not miss a beat, it would be greatly improved.
But did Obama ever actually practice law?
I wonder if the Divorce Lawyer industry is suffering yet.