Archive for April, 2013

A friend of mine hired a lawyer to help him create a trust in which to put some of his earnings. The lawyer charged $800/hr. Another friend needed a lawyer to appear with him (for a few hours) at his administrative hearing to help him contest his termination. The fee was $20,000. The fee for a lawyer to advise a friend on a single provision in his mother’s trust was $1,500. An attorney in my office once described the sense of guilt she sometimes feels when she looks at the total amount due on the invoice she is about to send out. “Don’t feel guilty!” a colleague told her. “Everyone else charges that much. You deserve it too!” If clients are willing to pay it, why should lawyers charge less? Legal fees of $1,500 or $20,000 – or even $300 – are so out of touch with the cost of […]