3 ms·
Why don’t you charge 1,000 an hour then?
by oneoff786 4y ago
Why don’t you charge 1,000 an hour then?
- phonon 4y agoCourts do lodestar calculations to determine if the hourly billing rates/number of hours were appropriate.
- thathndude 4y agodon’t charge $1000 an hour, because, ultimately the fee charged must be “reasonable.“ Now, as a boy who grew up lower middle class, the idea that an hour of my time is worth $500 or more as part of these calculations is something that I still struggle with. But my rates are in line with my peers, what the system considers to be a reasonable rate, and consistent with my experience and education. But at $1000 an hour, most judges will call BS. Again, I didn’t make the system, I’m just surviving in it
- paulgb 4y agoSince you work on contingency, the $500/hr is also compensating you for the risk that it will turn out to be $0/hr, right? Or do you pretty reliably get to a settlement that involves your full fee being paid?