Legal Profession Aghast At Laurie Penny’s ‘My Parents Are Solicitors Not Millionaires’ Tweet

Yesterday, left-wing firebrand Laurie Penny insulted senior solicitors everywhere with this distressingly inaccurate tweet:

The public school-educated socialist clearly doesn’t keep track of Britain’s law firms’ annual financial results – which, even in the midst of a recession, have seen profit per equity partner at the leading outfits reach comfortably in excess of £1million. And that’s just in one year.

Even at much smaller firms, many partners end up millionaires several times over.

“Penny’s comment is deeply disappointing,” one disbelieving partner was overheard to have said yesterday. “Being a solicitor is an incredibly high status role. Unfortunately, Bar-focused legal dramas like Silk too often paint a lopsided picture of the profession.”

The question remains, though, as to which firms Penny’s solicitor parents work for (several hours of fruitless searching yesterday failed to yield a result). If you’re reading, Mr and Mrs Penny, do drop us a line.

5 Responses to “Legal Profession Aghast At Laurie Penny’s ‘My Parents Are Solicitors Not Millionaires’ Tweet”

  1. Jay

    She said her parents were solicitors, not leading partners at equity law firms. Although a few solicitors are well paid, the vast majority are either on high street wages (i.e. sod all) or earning comfortably, but not excessively. If you didn’t find them in several hours searching, chances are they’re not earning a million quid.

    I won’t even charge you for that brilliant analysis.

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  2. Richard Moorhead

    Funny story Alex. I am wondering a bit by you think many partners end up millionaires several times over? I was a bit surprised by that. Any sources to back that up (genuine question).

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  3. Mark

    Your research skills need work. Five minutes on the Law Society website produced a female solicitor working in Horley qualified in 1984 and a male one working in the West End qualified in 1983. Those are my likely candidates, but there are three other men who might fit the bill.

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  4. Nick Holmes

    The “leading outfits” must the 1% (the Legal 100) who take more than 40% of the cake.

    The “much smaller firms” whom Alex refers to who generate these multi-millionaires must be from amongst the top 10% (1000 firms) who take another 40% of the cake.

    Then of course there’s the little people who don’t get a mention – the 90% who divvy up the remaining 20% of the cake.

    (Law Society Annual Stats for 2011: 86% of firms had 1 to 4 partners)

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