Because there are no H-1B lawyers.
Why Are Lawyers So Expensive Even With The Excess Supply Of Lawyers?
141–150 of 217 posts
Re: Why Are Lawyers So Expensive Even With The Excess Supply Of Lawyers?
#142Earlier quoted context omitted.
I honestly got reminded of the quote from Futurama. And I honestly don't take Ayn Rand as a definitive resource on much beyond her own ego. She claimed that her philosophy was unique, other than a sole debt to Aristotle. Aristotle of all people. The guy who can't even count the legs of a fly and who thinks that menstruating women cloud mirrors if they look in them. So sorry if I stoop to ridicule if you worship her t…
You can't judge Ayn Rand (well, anyone--and that's my real point) by a mistaken attack on someone else (Aristotle). That's worse than judging her by a cartoon. Again, it's not an honest approach. So sorry if I stoop to ridicule if you worship her turgid prose, but really In case you actually think I approach ideas in a dishonest, religious way (hence, "worship")--I don't. This is just a stupid comment. And the idea o…
So how am I being dishonest?
Also, how have I misunderstood the idea being presented here;
"For instance, in the definition of table (“An item of furniture, consisting of a flat, level surface and supports, intended to support other, smaller objects”), the specified shape is the differentia, which distinguishes tables from the other entities belonging to the same genus: furniture."
Now admittedly, the book may expound upon this and create a completely different interpretation based on the overall context, but given that you presented me with this excerpt and claimed it as a reasonable argument, you will forgive me for dealing with only the words that were in front of me at the time.
Re: Why Are Lawyers So Expensive Even With The Excess Supply Of Lawyers?
#143Earlier quoted context omitted.
These answers are republished by Quora to Forbes, with permission from the original authors. See this for more info: http://www.quora.com/How-does-Forbes-decide-which-Quora-answ...
Indeed, that's the situation. There is a partnership.
Re: Why Are Lawyers So Expensive Even With The Excess Supply Of Lawyers?
#144There are all sorts of reasons, but first and foremost is the lack of transparency in all things legal. This is why I'm working on PlainSite ( http://www.plainsite.org ). The opacity creates the illusion of difficulty, the need for (arbitary) specialized knowledge, and uncertainty as to the real price because so many factors are hidden from view. For example: you're expected to follow the law even without knowing wha…
I appreciate the passion with which you advocate for decreased barriers to legal information. In many respects, I could not agree more; U.S. jurisprudence is synonymous with hyper-technical mutability, and the public is kept in the dark because of pay walls. But, that marks the full extent to which you and I agree on this matter. In terms of "institutionalized fraud," you are totally wrong. The legal profession is on…
Re: Why Are Lawyers So Expensive Even With The Excess Supply Of Lawyers?
#145A few quick thoughts (am about to go into a meeting): 1. Lawyers are not immune from market forces. This is easily seen at the micro level: a new practitioner with no established reputation can charge $800 per hour and see where that gets him (of course, precisely nowhere). On the macro level, law has been a boom business ever since at least the 1960s when expansive liability theories came to be widely adopted by the…
Re: Why Are Lawyers So Expensive Even With The Excess Supply Of Lawyers?
#146A few quick thoughts (am about to go into a meeting): 1. Lawyers are not immune from market forces. This is easily seen at the micro level: a new practitioner with no established reputation can charge $800 per hour and see where that gets him (of course, precisely nowhere). On the macro level, law has been a boom business ever since at least the 1960s when expansive liability theories came to be widely adopted by the…
Re: Why Are Lawyers So Expensive Even With The Excess Supply Of Lawyers?
#147Re: Why Are Lawyers So Expensive Even With The Excess Supply Of Lawyers?
#148I used to be the business intelligence lead at Yelp, and saw that people gravitate to products that make the entire experience of engaging local service providers as simple as possible.
With those problems in mind, I'm starting Lawdingo.com, a market for immediate legal advice delivered by lawyers over video chat, billed by the minute. The product is still in development, but I have some great startup lawyers on it if anyone would be interested in trying it out. Feedback on Lawdingo is much appreciated.
Re: Why Are Lawyers So Expensive Even With The Excess Supply Of Lawyers?
#149Earlier quoted context omitted.
Indeed, that's the situation. There is a partnership.
Slate appears to have a similar partnership, with the first such post appearing earlier today: http://www.slate.com/blogs/quora.html
Re: Why Are Lawyers So Expensive Even With The Excess Supply Of Lawyers?
#150To some extent, lawyers (or, more accurately, law firms) are Veblen goods -- meaning that their services are perceived as being better if they're more highly priced and exclusive. There's a general perception that a high-priced lawyer is a top-notch lawyer, and that skimping on such lawyers carries a huge deal of legal risk. This dynamic plays out particularly in the BigCorp world, and especially if there's ever a pe…
It seems to me that lawyers have a captive market - I mean, you're not going to not hire a lawyer when you need one, yes? And with the truckload of new laws that enter the books every year, there will likely be no shortage of need anytime soon. It seems to me this 'salary matching' is basically price-fixing, even if unintentional. If my only option is a $650 / hour lawyer or a more prestigious $750 / hour lawyer, why…
It's not any more captive than any other sort of market. If you live in LA and need a car, you're not going to not buy a car, right?
Corporations hire expensive lawyers for the same reason they get expensive architects to do their interior design. It's a signaling mechanism.