So, what do you think of lawyers charging about 10% of what they saved a company?

[goaded]

They're hired by a shareholder to protect the interests of the company and thereby save the company a considerable amout of money. Do they deserve 10% of that saving as their fee?

Updates

+1 y

How about if they saved the company $56 billion? Is that worth $6 billion?

That's "an hourly rate of $288,888".

Sweet deal, if they can get away with it, but maybe Tesla should hire some lawyers to get a judgement that that's excessive and pay them 10% of what they "save".

www.reuters.com/.../

[Anonymous]

A lawyer is a skilled professional in navigating the excessively complicated legal becuracy of goverment.

Sadly far too many of them have been elected to make the laws of the same goverment only to self-servings make said laws ever more complicated as to create yet greater need for their services.

The fact remains a lawyer is itself a Government required service to deal with Government created problems which is why I find myself wondering why it is just that individuals should pay for them at all. Given it was the collective that foolishly mandated their necessity.

[RavVid]

Of course! But I operate on that basis so I would think that.

[goaded]

You'll love the case I'm thinking of...

[RavVid]

What is the case - I'm interested.

[goaded]

It was in the update. It's the case where the board or Tesla allowed Musk to "earn" $56 billion (with a B); they're asking for $6 billion for blocking it.

Musk says they're the ones damaging the company.

[RavVid]

Interesting - it is a fairly big commission

[goaded]

The irony of charging an excessive fee for saving a company from an excessive fee.

Over a quarter million an hour.

[RavVid]

:) it is funny. I would like to be able to charge a quarter mill per hour.

[jennifer_bloom]

I believe justice should be free for innocent people and the guilty party should pay a 10% mark up fee so that the innocent party does not have to use personal funds to cover the fees.

[dustybiker2]

It's deserves if they did a good job. Not if they don't. But it's not worth the investment arguing with them.

[ProbablyClueless]

I think they've earned it... but I'm also a lawyer, so I'm probably biased

[Avicenna]

What legal jurisdiction (s) are we talking about here? Were they paid a retainer and are they also billing by the hour?

[In_Trance]

That's up to the lawyer and whatever they feel they need to charge the company for their services

[jamesgoldman]

10% sounds reasonable in most markets/fields

[msc545]

Yes, they do deserve that - why not?