Yes you read the headline correctly, the lawyers got $359,000 and the victim got $1000. Here is an article about the case. I know none of the underlying facts of the case beyond what is in the article, so I won't go into why the claimant got only a $1000. But, based on the article I picked up two things that may be of some import here about the legal fees in the case.
1. $100,000 of it was expenses, which have to be outlined and justified to the Court. This is money the lawyers paid over the course of the trial out of their pocket (including court filing fee, costs for depositions, discovery costs, etc...), and if they had lost would likely not recover.
2. The case took six years. The attorneys worked for six years again knowing that if they did not win or reach a settlement they might not get paid for their time.
I am curious how many accountants, consultants, doctors, etc... would spend $100,000 of their own money on someone else' behalf in the hopes of getting reimbursed. Further how many of these same professionals would work and wait for six years to actually get paid.
Also, just as a note the lawyers got paid $259,000 in fees over a six year span. It would not be surprising for them to have spent a 1000 hours over that span, less than 200 hours a year on the case. Based on the 1000 hour scenario they charged $259/hr. That is what they charged an hour not what they took home by any means. What do accountants, consultants, doctors, etc... charge per hour?
It is insane that the victim got only a $1000, and the lawyers got $359,000. That does not point to the character of the attorneys but is certainly a problem with the legal system. A system that is not designed by lawyers but by legislatures, that the public voted for. The lawyers simply got paid for the work they did.
1 comment:
True it is $259/hr but how many lawyers were there working? It's not one lawyer who was paid $259.
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