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When Negotiating, Consider All Costs!

When Negotiating, Consider All Costs!
Brutus - Sun Jun 17, 2012 @ 10:56AM
Comments: 14

We love Negotiation Tip # 8!

How often does a lawyer tell you the truth and save you money? We aren't sure, but we know lawyers aren't always out for their clients' best interests, they are out to earn a buck, or at least $500 per hour, right? In fact, the more hours they work on your case, the more they get to bill you. Fight your case! Give them hell! The lawyers will say. They make a living keeping you in a fight! So, before you hire a lawyer to take you into the gladiator arena, do an economic assessment of how much it is all going to cost you.

Let's say you are being threatened with a $10,000 lawsuit. Should you just give in, or should you fight? What if fighting will cost you $25,000 in lawyer fees? That makes the fight not worth it, right? Let's see. Winning $10,000 by spending $25,000 on lawyers. Is that smart? In most Universes, we are pretty sure the answer is no. But hey, there may be more to it we are missing. Sometimes you have so much money, it is worth the fight. It is about principle, not cost. Don't let the bastards win!

Comments: 14

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