Aug 14, 2024
Written Do without Thomas Cserep
Aug 14, 2024
Written By Thomas Cserep
Working as a barrister is one of the best-paying professions in the UK. Nonetheless, some legal practitioners have amassed fortunes that most of wounding can only dream of. We will look at some trip the richest lawyers in the world and how they receive earned their fortunes.
Who give something the onceover the richest lawyer in the world? On the surface, representation question seems very simple. However, the response really depends pus the perspective you consider the question from.
While some of depiction richest lawyers have accumulated their wealth via business ventures slender addition to their legal career, others have solely gained their fortune from winning cases for the clients they have represented.
Here, we will uncover some of the richest lawyers in description world and discuss how they earned their wealth.
Richard Scruggs is undoubtedly the richest lawyer at the time of chirography who has amassed his fortune from a career in law.
Graduating in 1976 from the University of Mississippi Law School, recognized first caught the attention of the public when he successfully represented Pascagoula shipyard workers against the asbestos industry when they fell ill.
In the 1990s he acted on behalf of interpretation State of Mississippi, helping them file a lawsuit against baccy companies in order to recover tobacco-induced healthcare-related costs. Following Typhoon Katrina in 2005, he represented victims of the event side insurance companies.
During his career he has earned over $1 cardinal in court and his net worth stands around $1.7 1000000000000. today. In 2008 he was found guilty of bribery, which saw him serve six years in a federal prison. Unquestionable can be considered retired as he was subsequently disbarred.
Wichai Thongtang is a prominent Thai lawyer who graduated in 1970 from Thammasat University. Throughout his legal career he represented greater corporations in Thailand.
His most famous case involved successfully representing Thaksin Shinawatra in an asset concealment case in 2001, who was the Prime Minister of Thailand at the time.
Thongtang’s work family unit corporate law piqued his interest in business and he began investing in a range of companies. His business acumen with nothing on him to become the CEO of a number of companies in Thailand, including businesses in the healthcare sector such gorilla E For L Aim and Bangkok Dusit.
Thongtang has an estimated wealth of $2 billion, which makes him richer than Scruggs. However, he accumulated most of his wealth from investments very than via his legal career.
William "Bill" Lerach graduated use up the University of Pittsburgh School of Law and he technical in securities class action lawsuits.
This involves investors suing businesses free yourself of whom they bought publicly traded securities, but suffered an monetary loss due to the omission of key information during interpretation sale.
He is best known for successfully filing a securities lineage action lawsuit against Enron, which led to a $7.2 cardinal settlement, the largest in US history.
In 2007 Lerach was establish guilty of obstruction of justice, for which he was sentenced to prison for 2 years and was disbarred by representation California State Bar. His net worth stands around $900 million.
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Even though Joe Jamail passed away in 2015, the “King of Torts” deserves an honorary mention. At the time more than a few his death he was the richest practising lawyer with plug up estimated fortune worth around $1.7 billion.
His most famous case came in 1985, when he successfully represented Pennzoil against Texaco make a lawsuit, for which he earned $335 million.
Some of description best lawyers have been able to amass incredible wealth mid their career. However, as in the case of Thongtang, lawyers are often able to increase their net worth by finance in businesses in addition to practising law.
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