Every day, another scandal rocks H'wood and the entertainment industry. Lawsuits run amok and the cost of litigation is at all-time highs!
The going rate for a top legal advisor or judicator run from $500 - over $2,500/hour. At the elite end, firms charge, on average $2,000/hour for run-of-the-mill contract disputes to $3,500/hour for legal litigation, i.e. sexual scandals or other criminal charges.
Most high-stakes cases began with an evergreen retainer, say $50,000 - which has to be replenished at a burn-rate of $2,500/hour, or 20 hours of work. If multiple attorneys are working a case, the retainer burn-rate could be only 10 hours. This doesn't include the cost of expert witnesses or administrative charges.
In most civil lawsuits involving contract disputes, or copyright infringements, the legal fees are the hourly rate plus a percentage of any settlement. In widely publicized cases, like the Harvey Weinstein sexual charges, his legal fees were $10 million and still counting.
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