Re: Lawsuit waiting to happen-Endzone hill
Posted: Wed Nov 16, 2011 12:50 am
Rubber net fence or padded wall
Mestengo wrote:Rubber net fence or padded wall
Mestengo wrote: padded wall
SMU_Alumni11 wrote:Man thats crazy, suing should be a last resort to reach an equitable judgment, not a way to profiteer.
jtstang wrote:SMU_Alumni11 wrote:Man thats crazy, suing should be a last resort to reach an equitable judgment, not a way to profiteer.
Only the lawyers profiteer on lawsuits. I'm okay with that.
Stallion wrote:So much stupidity about the McDonald's Coffee case. Congratulations you've been completely hoodwinked by a massive media campaign bought and paid for by the tort reform lobby. I dare you to go back and actually read ther massive literature about this case availiable on the internet. Better yet look at the photographs taken of the lady and the admission made by McDonalds in evidence. Hate to break it to you but the people making big bucks off litigation are the lawyers representing corporate interests not the individual litigant.
SMU_Alumni11 wrote:Stallion wrote:So much stupidity about the McDonald's Coffee case. Congratulations you've been completely hoodwinked by a massive media campaign bought and paid for by the tort reform lobby. I dare you to go back and actually read ther massive literature about this case availiable on the internet. Better yet look at the photographs taken of the lady and the admission made by McDonalds in evidence. Hate to break it to you but the people making big bucks off litigation are the lawyers representing corporate interests not the individual litigant.
The person I work with has her as a client, as she has recently passed away. I can assure you shes quite well off. They all call her the celebrity client. Again I wouldnt have mentioned it, if I didnt know about or actually saw the bank acct. I couldnt agree more with you that lawyers make huge bucks, but they kinda have to with all the debt they incurred over law school. Only hot shot lawyers make anything, because typically the firm gets all the profits the lawyers make.
Junior wrote:SMU_Alumni11 wrote:Stallion wrote:So much stupidity about the McDonald's Coffee case. Congratulations you've been completely hoodwinked by a massive media campaign bought and paid for by the tort reform lobby. I dare you to go back and actually read ther massive literature about this case availiable on the internet. Better yet look at the photographs taken of the lady and the admission made by McDonalds in evidence. Hate to break it to you but the people making big bucks off litigation are the lawyers representing corporate interests not the individual litigant.
The person I work with has her as a client, as she has recently passed away. I can assure you shes quite well off. They all call her the celebrity client. Again I wouldnt have mentioned it, if I didnt know about or actually saw the bank acct. I couldnt agree more with you that lawyers make huge bucks, but they kinda have to with all the debt they incurred over law school. Only hot shot lawyers make anything, because typically the firm gets all the profits the lawyers make.
given that generally firms are partnerships of some kind, wouldn't a substantial portion of those profits go to the partners?
SMU_Alumni11 wrote:Junior wrote:SMU_Alumni11 wrote:
The person I work with has her as a client, as she has recently passed away. I can assure you shes quite well off. They all call her the celebrity client. Again I wouldnt have mentioned it, if I didnt know about or actually saw the bank acct. I couldnt agree more with you that lawyers make huge bucks, but they kinda have to with all the debt they incurred over law school. Only hot shot lawyers make anything, because typically the firm gets all the profits the lawyers make.
given that generally firms are partnerships of some kind, wouldn't a substantial portion of those profits go to the partners?
I imagine it would, since they are the firm. The lawyer gets either paid by their billable hours, a certain percentage (like commish) goes back to them for winning the case, etc. Im not expert in the structure of a particular law firm.It all varies for each partnership like for accounting there are billable hours but you get paid a fixed wage. For some consulting companies they are the same, or there is a degree of commission for bring in business and etc. I figure there are few in this message board that know the structure pretty well.