What is the difference between 'hard costs' and 'soft costs' at a law firm?
-
A
Hard costs are out-of-pocket expenses like filing fees; soft costs are overhead items like copying
-
B
Hard costs are litigation expenses; soft costs are transactional costs
-
C
Hard costs are charged to clients; soft costs are absorbed by the firm always
-
D
Hard costs require court approval; soft costs do not