Skip to main content

Are we killing the Golden Goose?

Published on: 18 Nov 2015

Golden Goose

In their article 'Killing the Golden Goose', Cogence Search, recruitment specialists for legal jobs in London, explore the effect of a super-tax of 1% of turnover on the profession.

Increasing Mobility of Legal Services and Careers

We live in a world in which legal services/careers are increasingly mobile and sensitive to local taxation. When making the move to legal jobs abroad, the relative tax rates between the current and new jurisdictions form part of the negotiation process and can be a barrier to a successful move.

Legal Profession Under Fee Pressure

The commercial legal profession is under more fee pressure than at any time, with rates and margins being squeezed to an unprecedented degree. This tax cannot be passed on to clients; any attempt to do so will simply cause such clients to move their business elsewhere.

How the Legal Services Sector Thrives

The legal services sector thrives because of its reputation for technical excellence and fairness. The sector generates billions for the economy through the provision of legal services to UK and international corporates and individuals. The collection and remittance of VAT, corporate taxation and personal income taxes from this sector alone amounts to a significant proportion of GDP.

Finding a Job on TotallyLegal

Whatever your thoughts on taxation, you can find the latest legal jobs on TotallyLegal throughout the UK or abroad. Browse and apply for legal jobs in Europe, Asia, and the Middle East.