A law firm will be paid $500 to send one of its lawyers to a client to take a routine deposition. The firm can send a 2nd year lawyer whose usual billing rate is $150 per hour and who is currently working on a lucrative tax deal, or it can send a 4th year associate (billing rate $200 per hour) who is currently overseeing the selection and hiring of law students as summer associates. Based on this information, the firm should send:
A) the 2nd year lawyer because his billable rate is lower.
B) the 4th year lawyer because her billable rate is higher.
C) the 2nd year lawyer because he is currently more productive.
D) either one since the firm receives the same $500 fee.
E) the 4th year lawyer because her current work is less valuable to the firm.
Correct Answer:
Verified
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