Tuesday, June 17, 2003

YOU GET WHAT YOU PAY FOR It still amazes me, and it happened again today, that some clients will call with a highly convoluted, Wile E. Coyote scheme for raising money or rewarding employees, but with the caveat that the company is in "no position to invest in legal." Have you ever seen a better example of when a retainer should be required? And that retainer will serve to educate the client about the value of legal services prior to the date when the merger falls through because no one can explain who the Company's stockholders are. If they don't want to pay the retainer, then you don't have to worry about the merger, because it will never happen.

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