I recently stumbled upon an alternative pricing scheme that I instinctively felt was wrong. The details are irrelevant, but I was struck by how vastly different the attorney’s point of view was from my own. So I tried to expand my viewpoint and to see the problem from all sides. I came up with three questions that I needed to answer and I sent them to the smartest, most knowledgeable people I know. Their answers below:
If not “collective knowledge and expertise”, what is the commodity supplied by firms and purchased by clients? How would you answer the questions?