European Tribune - Comments - Strike day in France

Strike day in France | 121 comments (121 topical, 0 editorial, 0 hidden)

Notaries themselves are actually extremely privileged by French law. It is a cast that resells notary charges among their families ; it is absolutely impossible to get into the profession without being very close to one. And they make huge money as they make a proportional amount in each and every real estate deal.

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Fri Oct 19th, 2007 at 11:37:02 AM EST
[ Parent ]

Forgot to finish my comment (none / 1)

So I guess the fact their clerks could keep that possibility is a way to make sure they keep quiet about their bosses' advantages.

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Fri Oct 19th, 2007 at 11:38:01 AM EST
[ Parent ]

Re: Forgot to finish my comment (4.00 / 2)

Actually, the regime for notary clerk is older (1937) than french social security (1945) and includes a "smart" funding scheme: part of it is funded by a direct 4% tax on the revenue of the offices, instead of being entirely proportional to salaries paid. This kept the money flowing when the word processor came in and slashed to work force (cos legal really isn't much more than word processing).

Pierre

by Pierre on Fri Oct 19th, 2007 at 11:52:36 AM EST
[ Parent ]

Re: Forgot to finish my comment (4.00 / 2)

Nota : that is the main reasons the RATP and SNCF pension plans are particular too : they are older than the general pensions. The reasons the clerks get to keep it is that they are a right-wing constituency and that they aren't so numerous, I guess...

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Fri Oct 19th, 2007 at 12:18:57 PM EST
[ Parent ]

Re: Forgot to finish my comment (none / 1)

No, they don't get to keep it. It's about to get busted in the reform (well, just the pension part of it, so far)

Pierre

by Pierre on Fri Oct 19th, 2007 at 04:45:48 PM EST
[ Parent ]

Re: Strike day in France (4.00 / 2)

It's not that closed. The truth is, anyone can be a notary if he is rich enough. Financing to buy oneself in is regulated and ultimately provided by Caisse des Depots, which requires a 30% down payment. Actually, it is possible to find small provincial Etudes that you can buy for 300k€ (and probably much less pretty soon), so a down payment of 100 k€. But these require that you actually do some work yourself (yuk) to stay in the black. Whereas a nice spot Rue des Pyramides is like a 30% coupon bond guaranteed like state (10% net after tax and amortization), on offer to any bourgeois who can put a million euro down. The shop will be big enough to run itself.

Pierre

by Pierre on Fri Oct 19th, 2007 at 11:48:36 AM EST
[ Parent ]

Re: Strike day in France (none / 1)

I've heard accounts of people studying to become notaries that it was a bad idea to do so unless one has notaries in the family... Were those accounts wrong ?

Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Fri Oct 19th, 2007 at 11:51:47 AM EST
[ Parent ]

Re: Strike day in France (4.00 / 2)

It's part wrong: it's a good idea if you have money (which is usually the case with a notary in the family)

Pierre

by Pierre on Fri Oct 19th, 2007 at 11:53:33 AM EST
[ Parent ]

Strike day in France | 121 comments (121 topical, 0 editorial, 0 hidden)

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