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audreymelnik

141 karma · joined November 4, 2013

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audreymelnik··on Ways That Startup Lawyers Overcharge
I would say that it is "penny wise and pound foolish" for a lawyer to nickel and dime by charging for expenses like these. The bigger picture is actually that the lawyer realize that eeking out every little expense from a startup client isn't productive. The aim should be helping that company to get to a stage that they can have a big exit, and charging for things like these is only going to constrain that possibility. Lawyers often seem to pass on charges that in any other industry would be considered a cost of doing business. The aim here is not to accept that from a lawyer. The main cost should be the rate rather than the ancillary services and expenses.
audreymelnik··on Ways That Startup Lawyers Overcharge
Thanks everyone for your comments. My main point in raising these points was to start a dialog about what is and is not acceptable to charge for and to raise awareness of these items for startups looking to take on a lawyer and I think I've definitely done that! Many (but not all) of the points I raised in this post were sourced from an analysis that my friend performed of a startup's legal bills from two separate silicon valley law firms.