Why would a law firm take all the risk and have no upside? Why would they defer billing and risk 100% of that billing?
There must be some additional detail to explain it. Seems like a lot of out of pocket cost/opportunity cost without it.
If the deal is all but done and the players are aligned and the funding is all that is left, no big deal, but to incur $30,000 over a long period of time where the deal may not go through at all doesn't make sense to me.