Evil Knievil: Lawyers are completely out of control

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Evil Knievil: Lawyers are completely out of control
Master Investor Magazine

Master Investor Magazine 60

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As it happens in recent months I have been in the background of a litigation in Paris involving breach of copyright. It has transpired that the defendants are Chinese for whom, I am told, this sort of conduct is typical.

You may nonetheless imagine my surprise to find that my elder daughter’s firm has been subjected to this passing off by yet another Chinaman. It must be a national characteristic.


Some years ago I bought Phosphorus bonds looking to BC Partners to pay up. Today, I learn that BC have agreed to pay a sum of the order of £4m+ the vast bulk of which is proposed to go to the lawyers who gouged this out of BC. Staggeringly, the lawyers do not feel any need to justify their barmy fees. As a result bondholders have refused to sign off their acceptance of this offer since there is very little available to those who have been denied the money due to them. As I have noted before, something will have to be done about lawyers’ fees. For lawyers are completely out of control.

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Comments (4)


    Totally agree. This is a worldwide problem. They march to the beat of a different drum to the rest of us.

  • Daniel Victor says:

    Liquidators are just as bad.

  • john lewis says:

    I could not agree more Simon. An absolute bunch of shysters.

  • Mark P says:

    You should come to Guernsey- it’s a national pastime here- largely driven by institutions who are not worried at the costs, where the man in the street does not stand the chance of ever being able to afford to defend themselves against such institutions. Not to mention defending oneself against any regulatory problems that arise. I feel it is a global problem driven by ambulance chasers…

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