“Overlawyered” is the name of a widely read blog on America’s legal system….
Thus begins an article in the new issue of The Economist, the London-based newsmagazine, discussing First Thing We Do, Let’s Deregulate All the Lawyers, a new book by Clifford Winston and Robert Crandall (Brookings) and Vikram Maheshri (University of Houston) on barriers to entry in the legal profession. Check it out here.
2 Comments
Good to see the Economist article recognize Overlawyered. Shame that the article itself was such superficial pap.
Thank you for pointing out this article. It does offer some amazing statistics: $64 billion too much paid to lawyers due to market distortions, plus $10 billion dead-weight loss. But I feel that they should have paid more attention to the problem of excess demand for lawyers.