Continuing our series of "some have it cushy" , the Herald reports that partners at Scottish law firm McGrigors pocketed an average £40,000 pay rise last year, taking the typical annual package to almost £300,000.
Benefits for the firm's 650 other staff, including 350 non-partner lawyers, were more modest, with 14% of overall profit set aside for staff bonuses. That was equivalent to an average bonus of about £3000.
The firm acted in the Highland schools PFI programme. The £130m joint venture between Morrison Construction and Noble/3i was one of the largest education sector projects to close in the year.It also won a tender to provide legal advice to the North Solihull regeneration project, one of the largest in the UK, worth £1.8bn over the next 15 years. And the firm acted for Scotland-based oil company, Cairn Energy in negotiating its $1bn revolving finance facility with a syndicate of international commercial banks led by the Royal Bank of Scotland.
Capitalism proves rich pickings for the lawyers .
"The first thing we do, let's kill all the lawyers". - HenryVI Part 2 (Act IV, Scene II) .
On reflection , that may be a little too harsh a condemnation of the legal profession from Shakespeare .
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