605AW
Member
- Mar 6, 2007
- 30
- 0
A law firms primary task is just like any other business and that's to deliver maximum profits to the Partners. That means Billable Hours. Lawsuits and the related legal activities such as discovery generate Billable Hours. Negotiated Settlements while often in the interest of both parties don't always happen because they don't generate billable hours. That's why most cases that do settle, settle close to trial date that way the lawyers get paid and cocktails for everyone.
In corporate law the lawyer gets paid win or lose. So while it's good business to win it's not the end of the world for them to lose one now and then
Bob...So what your saying is...They should have got a retainer with Dewey - Fuchum - Goode and Howe