If it cost $ 3,800,000 to get 3 people or 100 people or 1,000 people licensed who otherwise would not have been, the cost
per practising lawyer would be the same.
Not exact matches
I think women in our class accounted for 40
per cent so it was a decent percentage but from my graduating class, in terms of transaction
lawyers, there is essentially myself and one other classmate still
practising who happens to be at Dentons as well.»
The Law Society of Upper Canada indicates that more than half — 52
per cent — of
lawyers in Ontario
practise alone or in firms of four or fewer
lawyers and that they constitute 94
per cent of all the firms in the province.
«The most striking aspect of the report to me was the description of how our legal aid tariff rate has declined by 27
per cent since 1991, and how the number of
practising lawyers taking legal aid referrals has nearly halved in the past decade,» said Maclaren.
For the smaller firms in which 90
per cent of Canadian
lawyers practise, there is a propensity to accumulate capital within their own private corporation, which is generally good planning, but they often ignore RRSPs as an effective additional tool.
That result reflects statistics showing 80
per cent of
lawyers practising in that province do so in the metropolitan areas of those two cities.
The high count of reported claims resulted in a claims frequency — the ratio between the number of
practising lawyers and the number of claims — of 100.5 claims
per 1,000
lawyers.
For
lawyers in Ontario, the underlying insurance which all
practising lawyers (not on exemption) carry is the Law Society of Upper Canada's mandatory insurance program, which has limits of liability of $ 1 million
per claim and $ 2 million in the aggregate.
Lawyers in firms which restrict their
practise to only criminal and / or immigration law can qualify for a premium discount equal to 50
per cent of the base premium under the Restricted Area of Practice (RAOP) option.
When LAWPRO began collecting this information it turned out that 38
per cent of
practising lawyers had excess professional liability insurance available to respond to claims.
Fifteen
per cent of
lawyers surveyed said they would have chosen business management or marketing careers in lieu of
practising law.
The reality for most people in the country, however, is that we have roughly one tenth the number of
practising lawyers per person as there are in the US, and the services that they provide are prohibitively expensive.