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If the total is £600,000 then 20% of that will be VAT i e £500,000 costs and disbursements plus £100,000 VAT. Then if the partners are taxed at 40% plus 10% NICs £250,000 goes to the state and they get to keep £250,000. Oh, no they don't, they have wages to pay, office leases or mortgages to service, PII premiums to pay. Let's just say for the sake of argument that takes 50% of what is left the partners end up with £125,000. Sorry, just forgot the disbursements have to be paid to the experts… This is like a game of monopoly in reverse.

That, My Lord, is what in effect they are 'getting'. As the Sage of Omaha would put it "Its price is what you pay, its value is what you get". My Lord, there is a huge difference between price and value.

And now the fools in the court below you have introduced a whole new level of 'compliance' in the Mitchell et seq decisions. Believe it or not, compliance costs money, a lot of money, it does not just grow on trees.

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