Dr. Wes on the stark advantages lawyers have when billing. Wonder why there is a doctor, but not a lawyer, shortage? Read it and weep:
In summary, lawyers set their own value, guard it carefully, and increase their hourly wage based on reputation, supply, and demand. Doctors, on the other hand, have succumbed to socialist pressures that have prevented a more realistic, capitalist approach to their economics. As such, they have allowed their value to be set for them by others and have watched their market value (and any ability to negotiate their value going forward) to dwindle, irrespective of specialty.
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I was going to ask our attorney what he though of this, but it is $200 to accept the phone call and then $400/hr after that.
Dream on Dr. Wes –
Go google the average or median salary of a lawyer.
Some lawyers rake it in, but many, many others toil away for less than $100K a year.
The grass is not always greener…
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