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If you are doing a deal of 1 billion dollar you might be willing to pay 20k extra just to get that 1% extra in skills. It's like what is the difference between
by victorbjorklund 2y ago
If you are doing a deal of 1 billion dollar you might be willing to pay 20k extra just to get that 1% extra in skills.
It's like what is the difference between your average doctor and the best doctors in their field.
Or the average developer vs a very skilled one (why pay 500k for a top developer when you can get a cheap average one for 10% of the cost).
- jalapenos 2y agoYes my question is what are those skills and what difference do they make specifically
- Havoc 2y agoBetter judgement, soft skills, intelligence, training, experience, network, connections etc. it’s neither one specific thing nor anything particular tangible thing you can point at. Bit like someone who is a good leader…very hard to pin down but a very real differentiator anyway
- red-iron-pine 2y agoexperience litigating these issues, often in the same courts, and at the same level -- big cases are a different game. being able to say with high confidence that "this contract works, and it's withstood scrutiny" and then be able to back that up with court cases showing how it works is a big deal. if you're signing million and multi-million dollar contracts, or looking at huge risks, tax liabilities, etc., then paying someone 900/hr to make sure you're not going to lose $55MM is nothing.
- defrost 2y agos/skills/ personal contacts | experience / Law can be less about the raw skills and more about who X has partnered with, clerked for, vacationed with, etc. A good lawyer with the right position to achieve a desired result can sometimes cost as much as a top of the line RV bus and an all expenses paid for two private yacht cruise.
- deleted 2y ago[deleted]