$100 per hour is just a low figure I threw out there to emphasize the high cost of the bare minimum for even a measly defense...but yes, you're right that it usually costs (much) more.
In my line of work if we are sued we will settle the suit out of court most often because the costs of a defense are greater then most settlement figures (and, if you do go to court, there is no guarantee of winning). The magic number is usually right around $20,000 for us...and we gladly pay it to make someone go away rather then pursue costly defense costs.
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04-06-2010, 02:44 PM
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