Sky is the limit to the human greed. Perhaps till 1970, the purpose of business was to make “reasonable profit”. About 10% to 20% profit was considered reasonable. At that time legal profession was still viewed as noble profession.
Then the values changed in business world.
The concept of “Why Not” came. Why profits should not be 1000% instead of conventional profit of 10%?Why not 10000%?
The “Why Not” type arguments have no answers.
Then the greed or desire to earn money saw no limits. As the society changed, so changed the legal profession.
Why should there be any limits on fees of lawyers? Why not each one to charge according to his might?
The “Why Not” arguments had no answers. The human greed entered the legal profession and fees standards changed.
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