Comment by ChuckMcM
10 hours ago
For background, I participated in a "small" action that Sun took against someone who was violating the Java license. The legal fees (in the late 90's) were 8.2 million dollars. $250K is nothing to sneeze at, its a solid 6 weeks of a single lawyer's time, maybe a couple of weeks for a small team. Against a company doing nearly a billion dollars a year in revenue[1] and owning 29% of the printer market? Add in a couple of expert witnesses which are essential to that sort of a case and you'll see that $250K isn't even table stakes. Sad, I know, but it is the way things are these days.
And the saddest thing is that Bambu knows this. They know that people who give away software are not a serious threat to them. And it is especially galling that the value they have extracted out of that software will pay the lawyers that keep you from preventing them from continuing to extract that value and keep it for themselves.
[1] "Media reports have also indicated that Bambu Lab has shipped more than 1.2 million units, claiming a 29% global share." -- https://kr-asia.com/bambu-lab-nears-usd-100-billion-valuatio...
Lawyers earn 250k per 6 weeks? More than 2M per year?
Have a look at this: https://ukcalculator.com/barrister-fees-calculator.html
It is for the UK but no doubt m'learned friends in the US can command even higher fees.
Try grabbing a KC for five days, civil/commercial with all the trimmings. That will set you back £105,000.
Obviously the impoverished KC won't pocket all that lolly. There is VAT to pay and staff costs and stuff.
A KC is one of these: https://kcappointments.org/ for obvious reasons they used to known as QCs
Yes. Well they certainly bill at that rate, it goes some to the lawyer, some to rent, etc.
Outrageous cartel then. For such amounts there would be plenty who would have intellectual chops to do the job, driving the price down. Legal costs are nowhere close to this outside the US.
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Lawyers fees for a case like that also include expenses, and this would be on the high side.
Court fees, fees for accessing case law, experts, paralegals, etc.
You pay the lawyer and a big portion of that goes towards his costs for additional labour and everything else. A lawyer grossing $2m/year isn't bringing home anything close to that.
That said $250k for a single lawyer for 6 weeks seems high.
Yes. About 5-10% at a big firm earn that.