Thread

1. mikert89 · 1790567679 · focus · HN ↗

   Spoke with a banker at a well known investment bank in NYC last week. They told the law firm they want the fees cut in half or they walk. This is to a top 5 law firm. Lawyers are trying to charge the same prices, when both sides know they are working half the hours. This is even at the most premium top end, where an engagement bill can run up to 30 million.

   1. throwyawayyyy · 1790571841 · focus · HN ↗

      Aren't bankers charging the same prices they were _before computerization_?

      1. mikert89 · 1790610962 · focus · HN ↗

         the value from bankers comes from relationships, sales, and their weight in doing a good IPO. its not about hours worked
      2. Henchman21 · 1790614786 · focus · HN ↗

         Are we not still paying to “build out” the payment networks for Visa and Mastercard?

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