One month of work for $765k. I was expecting one or two orders of magnitude lower payouts for a single expert witness in a single case. Who can afford to pay this?
As for "who can afford this" is a company worth tens of billions suing over a major product line vs a trillion dollar company.
No, I don’t have to imagine that expert witnesses do an hourly-billed contract gig but are bad billing hours.
There is, AFAIK and based on what I can Google, no universal answer.
I suppose, but do you think that was more than 9 hours? Because 9 hours is only 1% of their time.
Plus, he works for MIT. He probably needs to clear his consulting work, which could be quick or not. MIT might have wanted a percentage. And if he wanted to use a grad student to assist him in prep work, negotiating that can add up too.
There are other ways to add to the precontract numbers, but that should be enough.
And that's a huge number of hours for each round.
It's really hard to reach "a good chunk" when compared to 900 hours. I was considering saying 90 hours in my first post.
If MIT wants a cut that's a different issue, and I doubt negotiating that will take particularly long.
One is singular.
vasco was the one responding to you.
In practice it’s equivalent to charging a higher hourly rate, but it makes billing simpler for these kinds of contracts.
900 hours is a bit more than one month. Even if he only worked 24x7 that's over 5 weeks. Assuming 10 hour days and 5 days a week that's 18 weeks, just shy of 13 weeks if 10 hours a day and 7 days a week.