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Justin Kan Raises $10M for New Legal Startup

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Re: Justin Kan Raises $10M for New Legal Startup

#101
post #96

Earlier quoted context omitted.

Even the worst lawyers still charge 100's of $/E per hour and to get certain services performed you have to go through a lawyer. Now, I've met some - very few - lawyers that were worth their rates (one of which is commenting in this thread) but for the most part it is simply a title that in and of itself seems to make a mediocre performer suddenly worth a very large amount of money on an hourly basis. The funny thing…

The 'inelastic' fees aren't the result of overt price fixing, but the professional rules imposed by the bars. At some point, lawyers don't take on the duties for less than $x00. Lawyers on the internet will tell you a lot for free, and look at all the documents you want for $20/hr, as long as you don't hold them responsible for putting it in front of a judge. And no matter how many excess lawyers come out of law scho…

> but the professional rules imposed by the bars.

Which are made of lawyers. So price fixing.

Re: Justin Kan Raises $10M for New Legal Startup

#102
post #96

Earlier quoted context omitted.

The 'inelastic' fees aren't the result of overt price fixing, but the professional rules imposed by the bars. At some point, lawyers don't take on the duties for less than $x00. Lawyers on the internet will tell you a lot for free, and look at all the documents you want for $20/hr, as long as you don't hold them responsible for putting it in front of a judge. And no matter how many excess lawyers come out of law scho…

> but the professional rules imposed by the bars. Which are made of lawyers. So price fixing.

Yes. More like a minimum wage, but that's a government intervention into price, too.
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