$185 Million Reasons Why You Might Not Want To Use The Billable Hour

While accepting that I’m not smart enough to understand how this all works, I also question why this is even material:

“The $185 million legal fee represents a multiplier of 18 times the firm’s average hourly rates (around $1,000) and the 10,000 hours it said it spent on the matter—which would amount to more than $18,000 an hour.”

Quinn Emanuel’s $185 Million Fee Award Poised for More Scrutiny

A lesson to be learnt here? Maybe it’s not about the inputs but rather the results/outputs? Even at the #BigEndOfTown?

As usual, comments are my own.

rws_01

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