| Category: General
Hypocrisy at its finest.
I do not believe this article. And it makes multiple inaccurate statements.
Courts absolutely look at hourly rate, not just result achieved. IN fact you have to submit multiple attestations to prove your hourly worth is reasonable.
This article also doesn’t back up it’s claims with any citations or links to actual court filings, with are public record.
I call this clickbait.
That’s how much I’d have to be paid to work with/for Elon too.
If a single lawyer can cost $400-500/hr, the price tag makes sense if it’s a giant firm and they have teams of lawyers/paralegals working on the case.
So what actually happened is they negotiated a success fee before they won. Then they won, big time, and didn’t spend a ton of hours on it. So they didn’t charge an hourly rate at all. Definitely clickbait.
“The law firms estimate the total settlement value at $919 million and are seeking 25% of that as fee. They are also seeking about $1 million in expenses.”
Lol so do I
Honestly I think it’s pretty fair, all things considered.
Often times lawyers take a percentage of the winnings, not a flat rate. So maybe you could say that the amount of working hours they did added up to 10, and their fee is 100,000.
It just depends how agreements are made. You can think it unreasonable, you can also know that you don’t have a hairs chance of winning a case without a dedicated lawyer who has spent years learning and practicing law.
It’s a ragebait article.
I think the article is woefully misleading. Readers should note that the four firms that brought and won the suit spent years on it without being paid anything; lawyers sometimes do this against a percentage of the amount they ‘win’, in whatever context that makes sense. They took the case, it would seem, on a contingency basis, and so getting a percentage is not only entirely reasonable, it is entirely normal.
Whether this particular percentage is reasonable in this particular case, I do not know. But the article leads readers to believe they are asking for an hourly wage, and they are doing nothing of the sort.
Dear mod team aka
Can you please elaborate on why my submission from *4 hours before this one* was rejected as a repost *after* this one was posted? Here’s a link to that submission: https://reddit.com/r/nottheonion/comments/16oiwc5/lawyers_who_sued_tesla_board_for_excess_pay_want/
Your message arrived 2 hours ago, an hour after this user’s submission *but 5 hours after mine*…
“Lawyer” should be the FIRST thing we replace with AI.
Most of what they do is also routine and procedural. Eg) 100% of what they do in land transfer it’s all done using a search on a a third party provider land title system.
We need this career to be disrupted by technology.
I thought supply and demand was how economics worked?
Elongated musket, one of the richest people on the planet, could surely afford this
They are seeking 25% in legal fees, definitely seems a bit excessive.