Pride comes before the 'Fall'

lostinrates

fc123 wrote: »

BTW Was chit chatting with a regular customer today who has just joined the Bar about 'Tescos Law' coming in for the legal profession? Don't you legals worry about this impact in 2 decades time?

She was talking about tha fact it won't affect the quality work but the drudgy type work pays the basics....if that is filched by big companies, the economics of a Law practice may not add up anymore?
I have a feeling that those in Law now who are in their 20's may feel the effects of this during their 40's.

I do a little. (in fact, DH was suggesting I did a law conversion 'for fun' as I practically did his with him! and I have kinda ruled it out because I'd be looking at that sort of bread and butter law if I was well enough to practice (and tbh I would need a big improvement in lost skill and memory!)and that's where will suffer I think)

But for DH...no. Just as Tesco cloths haven't knocked Chanel and Prada of the top rung and Fortnums has survived depsite Tescos food, dH works at a'top end' firm. Its not having the dificulties some of the other bigger top end firms have had financially and has a fairly unique approach to fostering talent and retaining people.

DH turned down somewhere that would have lead to UK qualification quicker (starting earlier and acknowledging the work he had done EU law) but felt very strongly that the benefits of his firm were worth the wait. i think I'd worry more if he were at one of the huge city firms working on the same kind of stuff but taking dozens and dozens of trainees a year. That doesn't happen where DH works, they only offer a TC of they are offering you a long term position. He also has the flexibilty of being able to work in other countries. And he's thinking about advocacy, not really to use, but to keep learning through education not just experience. But yes, I think Tesco style law could be a threat.

Dithering_Dad

neverdespairgirl wrote: »

No, I don't worry about it. For a start, there's nothing I can do about it, so there's no point worrying.

I do a very specialist area of law - mostly High Court and Appellate Immigration.

In addition I'm self-employed, barristers don't have high overheads :T

Hi NDG,

As you're self employed, is it within the framework of a Ltd company?

Do you have income protection insurance?

neverdespairgirl

No, we can't be in a company.

I'm in Chambers. Chambers are groups of barristers who share a building, clerks, etc. Some Chambers work on a monthly rent based on seniority plus a percentage of earnings, others just a percentage of earnings.

Mine is the latter, so I pay 14% of my gross income to Chambers for running costs.

moanymoany

neverdespairgirl wrote: »

What sort of sailing do you do?

For me it would be pottering around Chichester Harbour until I get my sea legs. For dh it's much more adventurous. He likes cross channel stuff.

His plan is to get a boat that he can sail straight away but he can work on as well - keeps the costs down.

SpendCurber

neas wrote: »

Im not laughing at other peoples misfortune. Im laughing at those who laughed at MINE and OTHERS misfotune.. people who laughed at you for not getting a houser sooner.

Call it karma call it justice.... call it what you want.. I know people who just bouht and feel sorry for them. I dont feel sorry for the guys with big BTL empires with little to no equity in each property.

Karma will come back round again. You just sound so bitter and childish...and if I'm honest a bit crazy (which I'm sure you're not, its just coming across that way).

Why are you so desperate to see these BTL'rs fall flat? So what if someone laughed at you (on the internet) for not having a property...honestly is it really that serious? You should just feel content that you have a deposit and a car thats paid for and its possible you could soon buy a property for a price you're happy to pay.

For every situation there are winners and losers - THATS LIFE! You've already mentioned that some of your friends bought at a not so great time - bad LUCK....The BTL'rs of the 90's bought at a great time - good LUCK. You werent on the winning side a few years back and now your LUCK has changed.

Please get over it and stop making yourself look so pathetic.

fc123

lostinrates wrote: »

I do a little. (in fact, DH was suggesting I did a law conversion 'for fun' as I practically did his with him! and I have kinda ruled it out because I'd be looking at that sort of bread and butter law if I was well enough to practice (and tbh I would need a big improvement in lost skill and memory!)and that's where will suffer I think)

But for DH...no. Just as Tesco cloths haven't knocked Chanel and Prada of the top rung and Fortnums has survived depsite Tescos food, dH works at a'top end' firm. Its not having the dificulties some of the other bigger top end firms have had financially and has a fairly unique approach to fostering talent and retaining people.

DH turned down somewhere that would have lead to UK qualification quicker (starting earlier and acknowledging the work he had done EU law) but felt very strongly that the benefits of his firm were worth the wait. i think I'd worry more if he were at one of the huge city firms working on the same kind of stuff but taking dozens and dozens of trainees a year. That doesn't happen where DH works, they only offer a TC of they are offering you a long term position. He also has the flexibilty of being able to work in other countries. And he's thinking about advocacy, not really to use, but to keep learning through education not just experience. But yes, I think Tesco style law could be a threat.

Hi LIR...I reckon go for the babies...it's good fun esp when they get big!.......then add on more horsies....even more fun! Fusty musty office? Less fun!

neverdespairgirl

It's possible to work in the law and have a baby, by the way!

Davesnave

moanymoany wrote: »

Oh Davesnave, I think you are spot on with your comment about being one of the plan and wait generation. We are also two of them.

Our plan was to sell and downsize to give part of our pension. The changes in dh's company pension schemes have knocked £2000+ a year off his pension. This meant the sale was vital.

However, now the plan is to buy our bungalow in 'Old Farts On Sea' and spend the time sailing and travelling.

Good luck with finding 'Chez Moany' in Old Farts on Sea + related activities. After half a lifetime, I reckon folk should move on to try a new lifestyle or else risk drifting into a kind of Groundhog Day apathy.

For us, the dream is now quite different from 5 years ago. As you indicate, circumstances can change so, while we have a pension + some investments, all of which keep us just the right side of solvent, we've no faith in things remaining that way. Like you, we've felt uneasy about the apparent incompetence of governments in the face of larger issues than just the present downturn, so our strategy now is more survivalist, with a small 's.'

We don't mean to build a bunker in the middle of nowhere & drop out of society. Far from it. It's more to do with gaining a better degree of self-sufficiency, so we're looking at places with a field or two, woodland, water, and good prospects for generating some power. Given reasonable health, we should be able to cope with that kind of living till 2025.....and beyond that I'm not too bothered!