Re:Is developer compensation becoming bimodal?
by aaavl2821 on Saturday February 10, 2018 @12:06PM
(#16348179)
A lawyer can make a small modification to a drug patent that helps a company earn for example $2B a year for 15 years rather than 12
A lawyer can make a change in a corporate structure to lower a company's tax rate indefinitely
From the perspective of lawyers adding value to the law firm, a good lawyer can do this with dozens or hundreds of clients a year, and increase the firms revenue by bringing in tons of new clients. Creative lawyers can also figure out a way to differentiate themselves in a particular sector, like tech startups, and one lawyer who becomes a leader in an area can add millions in rev to the firm a year, for many years, by bringing in new business
Some law firms also take equity, and good decisions about when to do this can bring in huge windfalls
A lawyer can make a change in a corporate structure to lower a company's tax rate indefinitely
From the perspective of lawyers adding value to the law firm, a good lawyer can do this with dozens or hundreds of clients a year, and increase the firms revenue by bringing in tons of new clients. Creative lawyers can also figure out a way to differentiate themselves in a particular sector, like tech startups, and one lawyer who becomes a leader in an area can add millions in rev to the firm a year, for many years, by bringing in new business
Some law firms also take equity, and good decisions about when to do this can bring in huge windfalls