Showing archive for: “Education”
Law and economics and the future of law teaching
My blogging colleague Josh Wright has a useful summary of the “Chicago School’s” views of the future of law and economics. I have some further thoughts. I think the key challenge and imperative for law and econ scholars in law schools will be to relate what they do to the market for their output — ... Law and economics and the future of law teaching
Law Review Publishing Norms and Inefficient Performance
One of my colleagues recently accepted a publication offer on a law review article, only to receive a later publication offer from a much more prestigious journal. This sort of occurrence is not uncommon in the legal academy, where scholars submitting articles for publication do not offer to publish their work in a journal but rather solicit publication offers from journals (and generally solicit ... Law Review Publishing Norms and Inefficient Performance
The end of the $160,000 first year associate
The WSJ discusses the declining value of first-year associates as clients are refusing to pay for training. Clients question whether new associates have “a sophisticated knowledge of the business world, and many nuts and bolts, such as how to prepare a witness for a deposition or the precise terms that, say, need to be included ... The end of the $160,000 first year associate
A Macro Conference
I was invited to attend the Financial Times Global Conference “The View From the Top: The Future of America” and since I was in New York anyway I thought it would be fun. I don’t hang around with macro types much, and even less with liberal macro types. I will not summarize the entire conference, ... A Macro Conference
The Return of Chicago Law and Economics?
A few years ago, spurred on by Justice Scalia’s observation that the school had lost “the niche it once had as a rigorous and conservative law school,” there was some blog discussion about the apparent decline of Law and Economics at the University of Chicago. Professor Bainbridge observed that it was certainly the case that ... The Return of Chicago Law and Economics?
Attention Economists and Economics Graduate Students: Want to Go to Law School?
I have recently joined my colleague Bruce Johnsen as a co director of the Robert A. Levy Fellowship in Law and Liberty at GMU Law. It is a very generous fellowship — a tuition waiver plus a generous stipend — for economists who have their PhD’s or “ABD” status to come to law school on ... Attention Economists and Economics Graduate Students: Want to Go to Law School?
The Hastings strategic plan
The plan (HT Leiter) has got everything, down to thinking about a mascot and faculty op-eds. But I don’t see any planning for the future of legal education in the new legal information industry Hasting’s students will have to confront. This would seem to be sufficiently “strategic” to deserve some consideration. Here’s something they might look ... The Hastings strategic plan
Concluding Unlocking the Law
It’s been a great symposium. Many thanks to all of our outstanding contributors! This Symposium demonstrated blogging’s potential for productive intellectual discussion of an important current topic. We expect to have more such virtual conferences. We’ll have a wrap-up tomorrow of all of the posts here. I will offer some reactions after I’ve had time ... Concluding Unlocking the Law
Robert Crandall on It Is Time to Move Ahead with Deregulation
As we approach the end of this Symposium, I am struck by how much consensus exists on this subject. Of course, we are not conducting this exercise under the auspices of the ABA. Nevertheless, there is sufficient intellectual backing for a major push to begin the deregulation of legal services. Despite warnings that this is ... Robert Crandall on It Is Time to Move Ahead with Deregulation
Nuno Garoupa on Reforming Legal Professions In East Asia
The traditional narrative is that Asian jurisdictions have fewer lawyers than in the West because they are much less litigious societies; they don’t need lawyers! Recent evidence has suggested the causation is probably reversed; there are not enough lawyers to provide services to all potential litigants. Legal markets in East Asia were largely kept closed ... Nuno Garoupa on Reforming Legal Professions In East Asia
Nuno Garoupa on Reforming Legal Professions in Europe
The European Commission, in particular the Directorate-General for Competition, has shown interest in promoting competition in the market for legal services since the early 2000s. Some countries such as the United Kingdom have taken this matter seriously. After a long review process, the British government has recently implemented a new regulatory set-up for legal services ... Nuno Garoupa on Reforming Legal Professions in Europe
George Leef on If We Want Creative Destruction, Destroy Unauthorized Practice Prohibitions
I may have missed it, but a topic that I don’t think has come up in the discussion thus far is unauthorized practice of law prohibitions. If we want to allow the free market’s discovery process to work – finding new modes of delivering services that serve consumers better than the old ones – we ... George Leef on If We Want Creative Destruction, Destroy Unauthorized Practice Prohibitions
