Ways That Startup Lawyers Overcharge

Re:Ways That Startup Lawyers Overcharge by nknighthb on Wednesday November 06, 2013 @04:58PM (#6685789)

They are paying for time. The time of the attorney being engaged. Time from an attorney with significant expertise will, of course, cost more than time from someone who just passed the bar.

If you want to bill on some other basis, fine, but you are not entitled to tell your clients you're billing them an hourly rate and then make up the hours based on the value you think is being provided. That's fraud.

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Re:Ways That Startup Lawyers Overcharge by papasmrf on Wednesday November 06, 2013 @05:34PM (#6685996)

I agree with you. My point was just that I do not want my value being reduced to nothing but time, and that is exactly what hourly billing does. So I tend not to do use hourly billing. Having done it working for other attorneys, I'll tell you it is a crappy way to spend your day keeping track of minutes.

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