“If it counts any and all legal service (including much cheaper paralegal pencil pushers and form filers) it might not be a bad deal overall.”
You might be right.
However, in any big city where there’s a concentration of very successful attorneys, $200 per billable hour is still a drop in the bucket.
Double that, and you will be in the ballpark.
Remember “No one pays retail any more, why should you?
“$200/hour is on the low end of attorneys’ hourly billable retail. BUT an assured $200/hour beats all hell out of not getting paid for hundreds of $400/hour clients. Like medical bills with insurance companies, most attorneys don’t get paid retail.