100 lawyers is a lot, especially for a case that never went to trial or saw a dispositive motion filed. Although Twitter v. Musk did not pan out as the corporate trial of the century, the attorney-appearance record it set still merits some moment. Twitter was a strange case across many...

Recent scandals have brought rankings to the forefront of the legal profession. Several of the most prestigious academic institutions have withdrawn from being ranked, citing the problematic nature of the rankings. However, rankings persist for both legal academics and practice, and there is...

Firm emission accounts for a large share of pollution. Based on the sample of 44 countries, this paper studies whether and how firms’ legal environment influences their environmental performance. After presenting new evidence on the positive link between civil law origin and firm environment...

This article attempts to develop a L&E analysis of how lawyers use knowledge to interpret new phenomena. This analysis adopts the analytical tools which can be identified in Guido Calabresi’s interdisciplinary approach to law. We will not discuss the content of Calabresi’s theories either on...

The Sarbanes-Oxley Act of 2002 (SOX) entrusted the general counsel (GC) of public companies with overseeing a new system of internal controls and reporting misconduct at their firms. I use a hand-collected dataset tracking the backgrounds of inhouse lawyers to argue that SOX increased the value...

The American legal profession is at a critical inflection point, one that will likely result in dramatic changes in the ways in which consumers access legal guidance and the manner in which lawyers and others deliver it. Chat-enabled artificial intelligence, algorithmic decision-making,...

Dieses Arbeitspapier behandelt den aktuellen Markt von Legal-Tech-Diensten in Deutschland und die rechtlichen Entwicklungen bezüglich der dort bestehenden Law-Tech-Branche. Ziel ist es dabei, anhand einer systematischen Analyse der beteiligten Marktkräfte, die Attraktivität der...

The impact of technology on individual economic sectors has also reached the service industry. This article offers a discussion on the influence of information technologies (IT)and changes taking place as a result of the legal services market digital transformation.Thanks to the results of the...

We investigate institutional change as the co-occurrence of deinstitutionalization and institutionalization, while accounting for its determinants at multiple levels of analysis to further our understanding of how individual characteristics aggregated at the organizational level and...

Each presidential administration faces its own challenges related to the ethics of government officials and lawyers. What distinguished the Trump presidency was the steady stream of news reports that related to controversies involving government lawyers. In examining various controversies, this...

This paper makes a conceptual prescription: it argues that judges and lawyers should adopt a positivist concept of law, on normative grounds. The positivist view, I will argue, is more consistent with reasonable disagreement and majority rule than nonpositivist views, offers a better view of...

The assessment of the legal professionals’ performance is increasingly important in the market of legal services to provide relevant information both to consumers and to law firms regarding the quality of legal services. In this article, we explore how computational indicators are produced to...

The purpose of this research is to evaluate the effect of issuing businesses engaging reputed law firms on the extent of underpricing in developing IPO markets. The consequences of involving prestigious lawyers in underpricing IPO businesses are not really understood from a global viewpoint due...

The metaverse is the emerging cyberspace realm were people and entities (and various forms of algorithms and artificial intelligence) will interact, engage in games, sports, and entertainment, buy and sell “real world” and “in the metaverse” goods and services, and otherwise get into...

Many lawyers are drawn to a career in social justice, in part, to help others and, in part, to fulfill their own path to wellness. Advocacy that sustains personal well-being, however, also poses considerable obstacles to well-being. Some of these obstacles are inherent to social justice work but...

This brief paper explores the correlation and potential relationship between the composition of the legal profession and trends in litigation, in Ontario, Canada. Specifically, we ask whether there is a positive correlation between the numbers of lawyers and paralegals licensed to practice in...

Firm-level productivity differences are big and largely ascribed to ex-ante heterogeneity in the entrepreneurs' growth potential at birth. Where do these ex-ante differences come from, and what can the policy do to encourage the entry of high-growth entrepreneurs? I study empirically and by...

Since COVID-19 outbreak the legal industry is awash in concepts like legaltech, which are popping up in quite a number. It represents an engrossing fusion of technology, business, and legal expertise that can be applied to both the business of law and the practice of law. Currently, investment...

Often, administrators believe that workplace bullying can be ignored because it is not prohibited legally. This paper examines the likelihood that workplace bullying leads to expensive lawsuits. A chi square analysis confirms the association on a statistically significant level

This Article describes the Movement Lawyering Lab at the University of Denver Sturm College of Law. The Movement Lawyering Lab is an experiential course that exposes students to the philosophy of movement lawyering and provides an opportunity for students to partner directly with national and...

As the articles in this Colloquium illustrate the role of the corporate lawyer—both as in-house and outside counsel—is instrumental in effectuating ethical lawyering, sound corporate governance practices, and law compliance. Although ethical precepts are plentiful with respect to the...

At one time, the legal profession largely regulated itself. However, based on the economic notion that increased competition would benefit consumers, jurisdictions have deregulated their legal markets by easing rules relating to attorney advertising, fees, and, most recently, nonlawyer ownership...

The goal of this paper is to explore the possibility that the costs and benefits of legal representation are structured so that each individual party seeks legal representation in the hope of exploiting the other party, while knowing full well that failing to do so will open up the possibility...

Competition Law is mainly concerned with promoting consumer welfare. Competition Law aims at encouraging competition by prohibiting anti-competitive trade practices. The Competition and Fair-Trading Act prohibits certain horizontal practices i.e., certain arrangements or agreements between firms...

Some additional evidence on the comparative effect of income, regulation, and other variables on the demand for lawyers is called for. One objective of this paper is to investigate the speed of adjustment of law schools to shifts in the demand for lawyers. Section I presents a theoretical model...

The American Bar Association (ABA) Standing Committee on Ethics and Professional Responsibility recently issued an advisory ethics opinion in which it found that a lawyer has an ethical duty to investigate when a client or prospective client tries to retain a lawyer for a matter that could be...

Lawyers commonly make threats that would be subject to sanction outside the institutional structure of lawyering and outside of doctrines such as the litigation privilege. Academic analysis of threats and blackmail largely ignores lawyer threats, implicitly positing the legal system as an...

Court and litigation operations are opaque in the best of times, and the lack of detailed records from the Nineteenth Century makes it even more difficult to learn how lawyers and judges went about their business. This may be one of the reasons why there are very few accounts of the nuts and...

Scholars and practitioners have looked extensively at patterns of racial inequality in U.S. business law firms. In the corporate bar, pull factors that have long shaped legal professionals’ careers include promotions, outside job offers to move from one firm to another, or family priorities...

Firms face a greater risk of lawsuits for overstated rather than understated earnings or net assets, suggesting conservatism can reduce firms’ expected legal costs. Because managers with legal expertise are more likely than other managers to recognize the legal benefits of conservatism, this...

This article considers whether the demand for legal advice about potential liability for future acts is socially excessive. using the standard model of accidents, we find that the answer depends on the type of advice and the form of liability. When advice provides information about properly...

Women have become increasingly visible as leading advocates for social causes in a male-dominated profession. Their advancement in a specialized and often risky law practice illustrates a general process by which lawyers establish themselves as influential interpreters of law, enabling them to...

Due in part to the COVID-19 pandemic, enhancements in technology, as well as shifts in the macroeconomic and socioeconomic dynamics of globalization, Digital Transformation (DT) has become an enterprise-wide imperative for most multinational companies (MNCs). As such, legal departments are being...

The unprecedented public health and financial crisis resulting from the COVID-19 pandemic calls upon the legal profession to go beyond traditional, adversarial, “rights”-based representation and disputing force majeure liability, towards working with clients and collaborating with...

This article focuses on counsel's liability exposure when his or her client engages in fraudulent conduct. The article begins by addressing the pertinent ethical rules promulgated by the American Bar Association (ABA). Thereafter, the discussion provides an analysis of the pertinent case law...

The law and economics movement has transformed the analysis of private law in the United States and increasingly around the world. As the field developed from 1970 to the early 2000s, scholars have developed countless insights about the operation and effects of law and legal institutions....

In an increasingly competitive and congested job market, this paper examines new career opportunities open to linguistically minded young lawyers. The globalisation of recent decades has led to a soaring demand for the translation of legal documents, inter alia in cross-border financial...

This essay examines the ethical dilemmas that emerge from the intersection of morality and our professional obligations as attorneys. It argues that moral decision-making is difficult for similar reasons across professions: (1) We have imperfect knowledge about probabilities; (2) it is...

From the neo-Weberian literature on state-building and the political sociology of the legal profession, one might expect government lawyers to be sheepdogs, nipping at the heels of straying administrators, supplying their agencies with the bureaucratic autonomy so often missing in American...

The article offers a reflection on how applications of computer technology (including data analytics) are and may be taught to (future) lawyers and what are the benefits and limitations of the different approaches. There is a growing sense among legal professionals and law teachers that the...

What is the role of firms and markets in mediating the division of labor? This paper uses confidential microdata from the Census of Services to examine law firms' boundaries. We find that firms' field scope narrows as market size increases and individuals specialize, indicating that firms'...

This paper estimates the effects of several American law firms' international networks of offices on the total value of overseas mergers and acquisitions (M&A) by US corporations. Nowadays many nations can review proposed mergers and US law firms help clients overcome such regulatory hurdles,...