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Ten million in legal fees? I wonder what that works out to per hour. Sounds like entrepreneurial lawyering at its "best." It's hard to dispute, though, that
by dctoedt 14y ago
Ten million in legal fees? I wonder what that works out to per hour. Sounds like entrepreneurial lawyering at its "best."
It's hard to dispute, though, that entrepreneurial lawyers like this have sometimes forced socially-beneficial changes. In some of those cases, the changes might never have happened otherwise: Businesses have powerful incentives to focus on short-term profits; in a divided government, our elected- and appointed officials find it difficult to implement reforms of almost any kind. As a result, ginormous legal fees to entrepreneurial lawyers might be the (exorbitant) price we have to pay to have this alternative mechanism for reform.