Re:STEM Shortage Claims and Facebook's $19 Billion Acquisiti...
by nostrademons on Monday March 10, 2014 @05:13PM
(#7375728)
My understanding of how legal billing works is that you aren't actually buying one person's time for $600/hr, but you're buying a team of junior paralegals, legal secretaries, and young associates and one big-name attorney to supervise them. The big-name attorneys make a lot, but nowhere close to $600/hour; even if they're partners, a lot of money is going to the salaries of the paralegals, legal secretaries, and $160K/year associates under them.
Re:STEM Shortage Claims and Facebook's $19 Billion Acquisiti...
by maineldc on Monday March 10, 2014 @02:39PM
(#7374831)
Is your lawyer an in-house general counsel? Probably no. Do you require this person's services for ~40/hrs per week, every week for years on end? Probably no.
I would certainly pay an amazing engineer $600/hr if I could call on them at any time and get billed at increments of 6 minutes, but that would be an insane way to build software (I know lawyers who think its an insane way to do law, but it is the system).
Re:STEM Shortage Claims and Facebook's $19 Billion Acquisiti...
by matz1 on Monday March 10, 2014 @12:35PM
(#7373925)
Because there are less lawyer than engineer. You can't outsource lawyer from different country.
Re:STEM Shortage Claims and Facebook's $19 Billion Acquisiti...
by stonemetal on Monday March 10, 2014 @02:58PM
(#7374951)
You can't outsource lawyer from different country.
Maybe not trial lawyers or other positions where you need a warm body in the courtroom, but entry level lawyers are feeling the outsourcing squeeze as well.
Actually, I suspect I know the answer in many cases, but I'm curious what other people think.