Legal Market Decartelization
- Author(s): Milan Markovic, Nuno Garoupa
- Posted: 6-2924
- Law & Economics #: 24-15
- Availability: Full text (most recent) on SSRN
ABSTRACT:
American lawyers’ grip on the legal market is receding. Scholars and policymakers increasingly agree that the public has little to lose and potentially much to gain from legal market decartelization-the weakening of the lawyers' monopoly over the legal services market. Harkening to deregulatory initiatives abroad and in Arizona and Utah, reformers contend that removing restrictions on the corporate delivery of legal services and unauthorized practice of law will slash costs and expand access to justice.