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“it’s strange how legal fees are just under the cap or way over the cap with copious discounts, but we never see legal fees significantly under.” Correct. My o
by kenrose 6y ago
“it’s strange how legal fees are just under the cap or way over the cap with copious discounts, but we never see legal fees significantly under.”
Correct. My own experience: whatever value you negotiate the legal cap on your term sheet, that’s the bill you get.
- xxpor 6y agoWe see this time and time again in the US. Another example just off the top of my head: College tuition goes up the maximum amount the feds will pay in student aid (loans, pell grants, etc). It's perfectly rational, but it's not necessarily the best.