3 ms·

What amount is fair? Is it a percentage of the total? In that case what? Is it billable hours? In that case at what value? What value wouldn’t be arbitrary? An

What amount is fair? Is it a percentage of the total? In that case what? Is it billable hours? In that case at what value? What value wouldn’t be arbitrary? And also consider that it’s true that the users could benefit from 50 bucks more but at the same time they didn’t do anything to receive this settlement. If the lawyers didn’t put the work in, they would get zero. I guess I just don’t understand why that number specifically is unreasonable. Regardless if a user doesn’t like it they should be able to opt out and pursue a better deal on their own.

BoorishBears 6y ago
https://www.law360.com/articles/641797/2-routes-to-hourly-rates-for-lawyers https://www.law360.com/articles/641797/2-routes-to-hourly-ra... If your friend came to you and said "I hired a guy to make the home page for my startup and got charged 1000 dollars an hour" would you say "well who's to decide the value of an hour it's arbitrary"? After all, there are developers making more than the 2 million a year or so TC, and who are you to say how much effort was involved? Think about if things pass a smell test, apply some lateral thinking... No one here knows for sure what the litigation cost in terms of billable hours, but 110 million dollars is a lot of money! If the average pay of someone touching this case was $400 an hour, you're talking about man centuries of billable hours (mind you that 6 hours of billable hours out of an 8 hour day of work is not bad for a lawyer) In reality the average pay is much lower since even if the lawyers were billing a thousand an hour, the people under them aren't anywhere near 400 an hour. There is absolutely no reason why the court shouldn't attempt to find a market rate for their efforts and pay that... as I linked to start, it's been approached before - And on a meta note... all too often I see people go "well if you don't have every fact you must discard any attempt at reasoning about it, it's arbitrary" Lateral thinking, extrapolation, just building an intuition, all valuable skills to work on.
- pseudalopex 6y ago
  Lawyers charge hourly fees when clients pay up front. They take a percentage for contingency cases. $110M seems excessive but 16% is normal for a class action. Your first comment made a good point. Your other comments were needlessly condescending.
  - BoorishBears 6y ago
    They're not meant to be condescending, it's just exhausting to play the HN game where you can't just make a point and assume people will fill in the smallest blanks... Instead people will nitpick those blanks to the nth degree and get bogged down in semantics like "well acthually a lawsuit takes more than 1 lawyer" It's very annoying.

BoorishBears 6y ago

https://www.law360.com/articles/641797/2-routes-to-hourly-rates-for-lawyers https://www.law360.com/articles/641797/2-routes-to-hourly-ra... If your friend came to you and said "I hired a guy to make the home page for my startup and got charged 1000 dollars an hour" would you say "well who's to decide the value of an hour it's arbitrary"? After all, there are developers making more than the 2 million a year or so TC, and who are you to say how much effort was involved? Think about if things pass a smell test, apply some lateral thinking... No one here knows for sure what the litigation cost in terms of billable hours, but 110 million dollars is a lot of money! If the average pay of someone touching this case was $400 an hour, you're talking about man centuries of billable hours (mind you that 6 hours of billable hours out of an 8 hour day of work is not bad for a lawyer) In reality the average pay is much lower since even if the lawyers were billing a thousand an hour, the people under them aren't anywhere near 400 an hour. There is absolutely no reason why the court shouldn't attempt to find a market rate for their efforts and pay that... as I linked to start, it's been approached before - And on a meta note... all too often I see people go "well if you don't have every fact you must discard any attempt at reasoning about it, it's arbitrary" Lateral thinking, extrapolation, just building an intuition, all valuable skills to work on.

pseudalopex 6y ago
Lawyers charge hourly fees when clients pay up front. They take a percentage for contingency cases. $110M seems excessive but 16% is normal for a class action. Your first comment made a good point. Your other comments were needlessly condescending.
- BoorishBears 6y ago
  They're not meant to be condescending, it's just exhausting to play the HN game where you can't just make a point and assume people will fill in the smallest blanks... Instead people will nitpick those blanks to the nth degree and get bogged down in semantics like "well acthually a lawsuit takes more than 1 lawyer" It's very annoying.