Lawyers earn 250k per 6 weeks? More than 2M per year?
replyHave a look at this: https://ukcalculator.com/barrister-fees-calculator.html
replyIt is for the UK but no doubt m'learned friends in the US can command even higher fees.
Try grabbing a KC for five days, civil/commercial with all the trimmings. That will set you back £105,000.
Obviously the impoverished KC won't pocket all that lolly. There is VAT to pay and staff costs and stuff.
A KC is one of these: https://kcappointments.org/ for obvious reasons they used to known as QCs
Yes. Well they certainly bill at that rate, it goes some to the lawyer, some to rent, etc.
replyOutrageous cartel then. For such amounts there would be plenty who would have intellectual chops to do the job, driving the price down. Legal costs are nowhere close to this outside the US.
replyIP litigation is absolutely that expensive, outside the US and inside. Didn’t you just come into this conversation unaware of what IP litigators earn?
replyCan you imagine how litigious we'd be if legal services were cheaper?
replyLawyers fees for a case like that also include expenses, and this would be on the high side.
replyCourt fees, fees for accessing case law, experts, paralegals, etc.
You pay the lawyer and a big portion of that goes towards his costs for additional labour and everything else. A lawyer grossing $2m/year isn't bringing home anything close to that.
That said $250k for a single lawyer for 6 weeks seems high.
Yes. About 5-10% at a big firm earn that.
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