MGMcAnick wrote:Sue U wrote:
Which brings me to Point the Third, which is that a $5k fee per case is not nearly enough return to justify the many many hours of developing the necessary expertise just to handle a one-off case, let alone cover the costs of overhead that come with operating a small business like a law office. And I guarantee you that at a $5k fee per settlement, Scott Johnson is hardly raking in millions. At that rate, you'd have to settle and get paid on one case each and every week just to gross $250k per year
I suppose in the rarefied air of legal salaries a quarter million dollars a year is chickenfeed. It makes me wonder if there are other parts of his practice where he rakes in the BIG BUCKS.
In my model, $250,000 is not the lawyer's salary, but the annual gross income of the business, out which all operating costs have to be paid -- including support staff wages, office rental, professional insurance, business insurance, health insurance, business taxes, office supplies, office technology, licensing fees, bar fees, etc. Whatever is left over is the lawyer's "salary."
From what I have read, Scott Johnson doesn't appear to have any other area of practice.