It happens. That’s why we try to avoid litigation with early settlements. And, yes, we do have clients who come to our office after spending hundreds of thousands of dollars in legal fees. Sometimes the parties spend far more in litigation costs than what the subject of the controversy is about. Still, the trial lawyers are happy to run-up-the-clock. Too few lawyers look for ways to save their clients legal fees. In fact, legal fees have increased by 57 percent in the last 5 years. And jokes about lawyers billing 62 hours in a single day are no longer a laughing matter – not when you’re paying the bill.
Can the legal fees in defending a lawsuit impoverish your clients?