|
|
|
|
|
by djloche
5098 days ago
|
|
I would argue that hiring lawyers is like hiring developers in SV. There are many developers but if you want to hire A class developers, you have to pay A class rates and compete with everyone else trying to hire A class developers.
Lawyers are no different. If you want to hire A class lawyers, you're going to pay A class rates. |
|
$250+/hr is the common baseline rate in my area for real commercial legal services (that is, more than emailing a template for a contract), not the "A class rate", and I would guess areas with higher cost of living are worse off. I have associates that pay $450-$500+/hr for their legal help. I know of lawyers that charge $750+/hr; that, you may say, is the "A class" rate for lawyership. Note the disparity between development consultancies and legal firms -- we max out near a law firm's minimum rate.
Comparison to other highly-skilled professionals, like developers, is indeed valuable, but only further demonstrates the exorbitance of legal pricing.