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Lawyers and incentives

In: Lawyers, Markets and Regulation

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Abstract

Frank H. Stephen’s evaluation of public policy on the legal profession in UK and European jurisdictions explores how regulation and self-regulation have been liberalized over the past 30 years. The book surveys where the most recent and radical liberalization involving the ownership of law firms by non-lawyers is likely to lead, and appraises the economic literature on the costs and benefits of regulating markets for professional services. It challenges socio-legal views on professional legislation and highlights the limitations of regulatory competition, as well as the importance of dominant business models. The author reviews the empirical work underpinning these theories and policies. He also evaluates the effectiveness of regulatory competition as a response to regulatory capture.

Suggested Citation

  • ., 2013. "Lawyers and incentives," Chapters, in: Lawyers, Markets and Regulation, chapter 4, pages 44-64, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14803_4
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    File URL: https://www.elgaronline.com/view/9781781002674.00010.xml
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    Cited by:

    1. Katsaprakakis, Dimitris Al. & Christakis, Dimitris G., 2016. "The exploitation of electricity production projects from Renewable Energy Sources for the social and economic development of remote communities. The case of Greece: An example to avoid," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 341-349.

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    Keywords

    Economics and Finance; Law - Academic;

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