Guy Beringer argues that anyone smart enough to satisfy their clients and motivate their people will undoubtedly have most of the money (see [2007] Gazette, 22 March, 13). If this is the case, then it follows that profit per equity partner is a pretty good measure of professionalism and sustainable profitability after all.


Actually, as anyone outside the City of London well knows, profit is most closely aligned to the type of work a firm undertakes. I may have satisfied clients and motivated staff, but this will not be enough to sustain my practice as a criminal lawyer through the so-called 'reforms' which are presently being imposed upon us.



Geyve Walker, Arnison & Company, Penrith, Cumbria