Rule Eight: Think Like The Client–Help Control Costs. (See the first 7 rules 1-6 here and 7 here).
Ask any associate lawyer or paralegal what a “profit” is.
You will get two kinds of answers. Both answers are “correct”–but neither of them helps anyone in your firm think like the client.
The answers will be something like this: (1) “A profit is money remaining after deducting costs from receipts.” This is the correct young transactional/tax lawyer answer. Or (2) “it’s money left over at the end of the hunt.” This is the correct fire-breathing young litigator answer.
The right answer?