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

Reply to comment by ChrisFromLongIsland in After ‘exhaustive negotiations,’ Won supports $2 billion Innovation QNS project in Astoria by 09-24-11

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.