ChrisFromLongIsland t1_ixcnvwv wrote on November 22, 2022 at 1:19 PM

I read a statistic a few years back that floored me. More money is spent to build new construction in the US on lawyers than labor to actually build the structure. Getting projects to pasted the town or community boards costs more than the labor in the construction. I expect this to be the same. Years of paying lawyers to finally get an approval. Lawyers made bank.

TinyTornado7 t1_ixco88g wrote on November 22, 2022 at 1:22 PM

This is incredibly inaccurate. By this logic the lawyers here will have made over $2billion

ironichaos t1_ixdaiks wrote on November 22, 2022 at 4:10 PM

Yeah just to put some back of the napkin math around this.

The top law firms in nyc charge around 2-3k per hour. So in order to generate a 2b fee they would need to spend roughly 660k hours in billed time. A lawyer typically is required to bill 1800+ hours per year at these firms. That would mean 370ish lawyers dedicated full time to this for an entire year. Im not a lawyer so who knows how many it takes for this sort of negotiation, but I would find it hard to believe that many lawyers worked on this full time.