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> Lawyers typically start billing in the range of $20,000 for anything beyond a letter in large cities. Off-topic, but I'm always flabergasted at the rates I'm
by burntoutfire 7y ago
> Lawyers typically start billing in the range of $20,000 for anything beyond a letter in large cities.
Off-topic, but I'm always flabergasted at the rates I'm hearing US lawyers charge. Are these guys totally swimming in money? If so, why no extra competition emerges to bring prices down?
- dv_dt 7y agoCompetition isn't a magic wand. Lawyers fees are a market structure problem. A market can work in an efficient competitive way but requires many factors to operate that way. Customers need information, and a market where individual customers only make infrequent, non-standardized, often non-public transactions is pretty terrible for creating information customers can find and act upon. That the transactions are also non-reversible and "sticky", or difficult to change midway trough a case is also not great for a competitive market.