First Thing We Do, Let's Deregulate All the Lawyers
eBook - PDF

First Thing We Do, Let's Deregulate All the Lawyers

  1. 110 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF

First Thing We Do, Let's Deregulate All the Lawyers

Book details
Table of contents
Citations

About This Book

Not many Americans think of the legal profession as a monopoly, but it is. Abraham Lincoln, who practiced law for nearly twenty-five years, would likely not have been allowed to practice today. Without a law degree from an American Bar Association–sanctioned institution, a would-be lawyer is allowed to practice law in only a few states. ABA regulations also prevent even licensed lawyers who work for firms that are not owned and managed by lawyers from providing legal services. At the same time, a slate of government policies has increased the demand for lawyers' services. Basic economics suggests that those entry barriers and restrictions combined with government-induced demand for lawyers will continue to drive the price of legal services even higher.

Clifford Winston, Robert Crandall, and Vikram Maheshri argue that these increased costs cannot be economically justified. They create significant social costs, hamper innovation, misallocate the nation's labor resources, and create socially perverse incentives. In the end, attorneys support inefficient policies that preserve and enhance their own wealth, to the detriment of the general population.

To fix this situation, the authors propose a novel solution: deregulation of the legal profession. Lowering the barriers to entry will force lawyers to compete more intensely with each other and to face competition from nonlawyers and firms that are not owned and managed by lawyers. The book provides a much-needed analysis of why legal costs are so high and how they can be reduced without sacrificing the quality of legal services.

Frequently asked questions

Simply head over to the account section in settings and click on “Cancel Subscription” - it’s as simple as that. After you cancel, your membership will stay active for the remainder of the time you’ve paid for. Learn more here.
At the moment all of our mobile-responsive ePub books are available to download via the app. Most of our PDFs are also available to download and we're working on making the final remaining ones downloadable now. Learn more here.
Both plans give you full access to the library and all of Perlego’s features. The only differences are the price and subscription period: With the annual plan you’ll save around 30% compared to 12 months on the monthly plan.
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1 million books across 1000+ topics, we’ve got you covered! Learn more here.
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more here.
Yes, you can access First Thing We Do, Let's Deregulate All the Lawyers by Clifford Winston, Robert W. Crandall, Vikram Maheshri in PDF and/or ePUB format, as well as other popular books in Derecho & Profesión legal. We have over one million books available in our catalogue for you to explore.

Information

Publisher
Brookings Institution Press
Year
2011
ISBN
9780815721918
Topic
Derecho
Subtopic
Profesión legal

Table of contents

  1. Front Cover
  2. Title Page
  3. Copyright Information
  4. Table of Contents
  5. Acknowledgments
  6. Introduction
  7. The Market for Lawyers
  8. Evidence of Earnings Premiums in the Legal Profession
  9. Sources of Lawyers' Earnings Premiums
  10. Welfare Costs
  11. The Case for Deregulating Entry into the Legal Profession
  12. Toward Policy Reform
  13. References
  14. Index
  15. Back Cover