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Summary and conclusions

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. "Summary and conclusions," Chapters, in: Lawyers, Markets and Regulation, chapter 9, pages 144-152, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14803_9
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    File URL: https://www.elgaronline.com/view/9781781002674.00017.xml
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    Cited by:

    1. Lavinia LUPU & Alexandru VOICU, 2014. "The Eu’S Internal Frictions And Their Consequences On The Eastern Neighbours," EURINT, Centre for European Studies, Alexandru Ioan Cuza University, vol. 1, pages 169-179.
    2. Guerrero de la Peña, Ana & Davendralingam, Navindran & Raz, Ali K. & DeLaurentis, Daniel & Shaver, Gregory & Sujan, Vivek & Jain, Neera, 2019. "Projecting line-haul truck technology adoption: How heterogeneity among fleets impacts system-wide adoption," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 124(C), pages 108-127.

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    Keywords

    Economics and Finance; Law - Academic;

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