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Why are lawyers expensive everywhere ? Demand and supply does not apply to them ?
by leaveyou 11y ago
Why are lawyers expensive everywhere ? Demand and supply does not apply to them ?
- minimaxir 11y agoLess of a supply/demand microeconomic reason, more of a willingness-to-pay rationale (i.e. if you are at risk of going to jail, you'll pay ANYTHING to avoid it, and lawyers charge accordingly).
- leaveyou 11y agoIt's kind of paradoxical that people would rather accept unfavorable pleas because they don't want to/can't pay anything.. and the lawyers are still expensive..
- ma2rten 11y agoI think s/he means lawyers are expensive everywhere in the US. I never heard of someone going bankrupt in Europe for defending themselves so I researched it. In Germany there are fixed prices that lawyers can charge.
- tsotha 11y agoThe chart for legal salaries has two big lobes: a small sharp one at the very high end and a huge one at the low end. The last time I looked a brand new JD from an unexceptional law school was looking at a starting salary of somewhere in the mid $40k range. So as professionals go, lawyers aren't that expensive (assuming you're not hiring from Harvard). But running a law office is expensive. You're going to have idle "legal capacity" which has has to be paid for by the clients you do get.