Re: New Issaries, Inc. policy?

From: jeffrichard68 <richj_at_5oke5W_22qATEaz7LUmgAYIHJ9O_qNuipNRm1ta8Tgxszp90MGs1f_8TIMEG0PUNWrhyaQ>
Date: Wed, 22 Dec 2004 00:45:58 -0000

Chris defends the good name of in-house counsel throughout America:

> Bah. You out-house lawyers apply 20-20 hindsight
> pretty well at $600 per hour. Someone who litigates
> for a living is incapable of writing a contract for a
> fee smaller than the revenue to be generated by the
> contract.

That's why public finance contracts are so nice. No governmental entity issues bonds for less than your fees (plus that of the underwriters, plus the placement fee). Heck, most of the time the fees total less than 5% of the value.

Jeff            

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