Charge-out rate: Difference between revisions

no edit summary
No edit summary
Tags: Mobile edit Mobile web edit
No edit summary
Tags: Mobile edit Mobile web edit
Line 6: Line 6:
The average [[Magic circle law firm|magic circle]] partner charge-out rate passed £1,000 in 2016, escaping the surly bonds of economic plausibility, and streaking out past the heliosphere into the deep frozen blackness of interstellar gall. Ordinary commerce has now lost all contact; the last photo it sent back was a blurry image of a [[blob]] of dust suspended in a sunbeam: our budget; a lonely speck in the great enveloping cosmic billingness.<ref>Apologies, of course, to Carl Sagan.</ref>  
The average [[Magic circle law firm|magic circle]] partner charge-out rate passed £1,000 in 2016, escaping the surly bonds of economic plausibility, and streaking out past the heliosphere into the deep frozen blackness of interstellar gall. Ordinary commerce has now lost all contact; the last photo it sent back was a blurry image of a [[blob]] of dust suspended in a sunbeam: our budget; a lonely speck in the great enveloping cosmic billingness.<ref>Apologies, of course, to Carl Sagan.</ref>  


And yet this rising line will continue inevitably, inexorably and without variation, regardless of market condition, geopolitical angst, or the softness of the labour or investment market, until the very [[end of days]].
And yet this rising line will continue inevitably, inexorably and without variation, like the performance of a [[Fairfield Sentry]] fund, regardless of market condition, geopolitical angst, or the softness of the labour or investment market, until the very [[end of days]].  
 
You see the same immutable line that the [[charge-out rate]] follows in one other natural environment:  the financial performance of someone who is up to no good: a [[Madoff|Ponzi scheme]], for example, or an insider trader — and here the [[Apocalypse]] may happen at any time, and will be personal to those at whose expense the scheme is being perpetrated.  


Here the “[[apocalypse]]” really means the ultimate limit of [[space-time]] however that might happen to be described (if at all) under prevailing cosmological theory, for the inevitability in the growth of [[Magic circle law firm|magic circle]] revenues and [[charge-out rate]]s is one of the most persistent and predictable phenomena in the known universe.
Here the “[[apocalypse]]” really means the ultimate limit of [[space-time]] however that might happen to be described (if at all) under prevailing cosmological theory, for the inevitability in the growth of [[Magic circle law firm|magic circle]] revenues and [[charge-out rate]]s is one of the most persistent and predictable phenomena in the known universe.