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Archive for October 9th, 2006

Lawyer’s boast backfires…

“ANDREW NULTY decided this year that not enough people were aware of his glittering achievements. In only five years he had set up a law firm in a provincial backwater and turned it into such a money-spinning triumph that at the age of 39 he had a multimillion-pound fortune.”

Full TIMES story By Andrew Norfolk

Very briefly – the story goes as follows: Solicitor becomes partner in Manchester law firm in 1996. Later he sets up his own practice (Avalon), taking 2000 clients with him. Plan works. By specialising in industrial personal injury claims turnover rises to £5 million. A year later turnover rises to £21.2 million with 73 per cent margin – profits. Nulty’s share of profits £13 million!

Nulty, a former model and TV presenter, not happy that he is not in The Lawyer Top 100 fee earners’s rectifies this by arranging for Avalon managing partner to tell the Lawyer them about his firm’s ‘glittering success’. Figures stacked up. The Lawyer published latest Top 100 (Avalon 88th) and Nulty comes out as “highest-earning solicitor in the country.”

The story is best summed up by a quote from the Times story…

“When The Lawyer published its top 100 list in August, Mr Nulty’s £13 million bounty shared centre stage with the news that his firm was under investigation over numerous alleged breaches of Law Society regulations.

Avalon denies any wrongdoing, but its senior partner has begun to shun the public spotlight. His firm, which has been charged with 12 separate offences governing solicitors’ practice rules, accounts rules and professional conduct, will fight its corner at a hearing of the Solicitors Disciplinary Tribunal next year.

Hubris…?

(PS.. I am grateful to a good friend of mine who has recently retired as a partner with Slaughter & May for drawing my attention to this story. I had, in fact, missed it)

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