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The engineers lose the capacity to get compensation for what was done to them. If they lose the lawsuit by bad lawyers, they wont get a penny. The fact that th
by conanbatt 13y ago
The engineers lose the capacity to get compensation for what was done to them. If they lose the lawsuit by bad lawyers, they wont get a penny.
The fact that there is risk upfront doesnt make any payoff reasonable. Otherwise, you wouldnt find layers keeping 99% abusive.
The biggest question for me is, with so much money ats take, why dont several lawfirms compete to each other for a lower cut? at 2 billion profits potential profit, why dont they offer a lower comission to get the client?
- harryh 13y agoBecause the client is generally more concerned with getting a favorable outcome in the lawsuit than on the fee and a lawyer willing to charge a smaller fee is a signal that they will be less likely to achieve a favorable outcome. It's the same reason that you don't see a lot of price competition for real estate brokers (though this is changing some). I'm not saying this is a great reason, but I do thin it is the reason.