Geniunely curious because lawyers are set up with that pay structure and are all making bank from it. Seems wierd that you only get paid if the business is sold considering the process takes several months/years. Especially with the hours and level of committment required, from a payment security standpoint wouldn't it make more sense?
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It doesn’t promote efficiency and people who get stuff done more efficiently just lie about there hours worked.
Not a good way to measure analyst availability. Also, promotes an environment where no one car
Yes on the advisor side it promotes efficiency but the bank isn't really secured on the client side who isnt directly incentivized hold up their end to their advisors. And external factors unrelated to anyone can delay a deal or stop all together which can lead to no fees paid out. Wouldn't it make sense to make a hybrid model?
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