Comment by 908B64B197
5 years ago
Really curious what school is this?
> Edit: Given that this answer has generated some discussion I feel the need to expand on it. The legal team was not expected to sell their services "by the hour". In fact, any discussion about how their services were sold was shut down by the professor. From his point of view, the lawyers were machines and he was asking the question "how much can this machine produce?"
Pricing the value of in-house counsel is an interesting problem in itself (because they typically don't bill by the hour). One could use an insurance policy pricing model (the worst that could happen is a very costly loss in a lawsuit) to determine what's the counsel protecting the company from.
> Really curious what school is this?
My local university. If you want the specific school, my handle is associated with my real-world identity. It won't be hard to figure out.
> Pricing the value of in-house counsel is an interesting problem in itself (because they typically don't bill by the hour).
Absolutely!
> One could use an insurance policy pricing model (the worst that could happen is a very costly loss in a lawsuit) to determine what's the counsel protecting the company from.
Also true. The lack of cost analysis in my classes worries me very much.
> Also true. The lack of cost analysis cost in my classes worries me very much.
Time to transfer somewhere else?
I am fine where I am. I will graduate next year in Computer Science and Bussiness Management with good grades. I thought about quitting and enrolling in Computer Science and Mathematics when I started. But I think I can make a bigger impact in the world by staying in my current program.