We’ve discussed NRA’s impending financial collapse, and how its unsustainable legal expenses ($60 million a year, or nearly one-third of NRA revenues) contribute to that. We thought about that, and did some math.
There are about 260 working days in a year. So that’s $231,000 in legal expenses per working day. Nearly a quarter-mill per day. (Back in 2019, Col. North protested at $97,000 legal costs per day, and nonprofit experts agreed that was shocking).
There are 2,200 working hours per year. That’s $27,000 in legal expenses per hour. How can any company be spending that much? 9-5, each hour, $27,000 of checks are cut for legal expenses.
In New York, good attorneys cost $300-800 per hour. Let’s guess that NRA is very generous to lawyers (or gullible), and NRA pays them $1,000 an hour average.
$27,000/hour total would mean 27 attorneys working on NRA’s matters, continuously, unable to take on any other legal work, over the entire year. Doesn’t that sound impossible? 27 attorneys, full-time, no other clients, for a year? Or 54 attorneys, if each spend half his day on NRA work.
In the New York case, NRA’s documents are all filed and signed by one Brewer attorney, Svetlana Eisenberg. If she’s doing most of the work, where are the other 26 full-time attorneys whom NRA is paying $1,000/hour each?
There are some big mysteries here, and we have no idea what is going on.