Friday, August 19, 2011

There ain't no money in lawyerin'

The real money is in business.  Wheeling and dealing.  Don't get me wrong - plenty of lawyers make tons of money, but lawyering takes work.   Working day and night to beat deadlines and satisfy client demands.  Plus, there's only so many hours in the day to bill to your clients. Now that I think about it, billing by the hour is for fools.  

Take South Florida lawyer Bill Scherer for example.  He's got it figured out.  He's a businessman, and a shrewd one at that.  In 1992 Scherer signed a long term lease with Broward County for 200 parking spaces in a county garage next to the courthouse.  He pays $107,500 per year to lease the parking spaces.  

This week, due to a severe shortage of parking spaces for jurors and courthouse employees, Broward County officials voted to lease the parking spaces back from Mr. Scherer.  They are going to pay him $277,536 per year to use the parking spaces.  That's what I'm talking about!!  $170,000+ per year profit for spotting a deal and capitalizing on it.  I need to get out of the courthouse and into the business world.  

HERE's an article about the deal from the Florida Sun Sentinel.

1 comment:

Cynthia said...

Wow -- That's quite the profit.
Granted it didn't happen overnight since he's been leasing them since '92.