Why do lawyers undercharge for their work?

 

The problem with money

Talking about money can be difficult and make us feel uncomfortable.

Culturally we are discouraged from discussing our finances. Speaking about money can be viewed as rude or vulgar.

But money is important, especially in business. It is crucial to the success of a business, from the fashion industry to law firms. They need to be able to value and price their work correctly to prosper.

So why do we undercharge and how can this be prevented? (more…)