E071: What a Lawyer Costs
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E071: What a Lawyer Costs
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Passionately Wrong Podcast Episode E071
What a Lawyer Costs
Key takeaway: Why it costs so much to hire a lawyer and what can a responsible consumer do?
Topics covered in this video:
- Incentives in the lawyer-client relationship and why hourly rates are problematic
- The qualification to become a lawyer and barriers to entry for non-lawyers
- When it’s advisable to have a lawyer
- How much of an hourly fee does a lawyer actually keep?
- Lawyer earnings are widely distributed
- Things that keep the cost of legal services high
- Why James preferred practicing law in Europe over the U.S.
- The number one way nonlawyers evaluate their lawyers
- The benefits of up-front communication when hiring a lawyer
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