Network Front | The Guardian: Divorcing couple spent nearly £1m on divorce 1/3 of their assets

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Divorcing couple spent nearly £1m on divorce 1/3 of their assets Nov 13th 2014, 17:33, by Amelia Hill Judge calls for action on the scandal of excessive costs and waste of time in such cases and calls for fixed pricing of litigation A couple have squandered a third of their multimillion-pound wealth in the divorce courts, prompting a judge to call for legal reforms to curb the fees lawyers can charge their own clients. The husband and wife spent what the judge described as an eye-watering total of £920,000 from their total joint assets of almost £3m on lawyers and experts. In eight months, said Mr Justice Mostyn, the couple known only as J and J spent almost a third of everything they had built up together over nearly 18 years. Continue reading...

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