Gillian Hadfield, Legal Barriers to Innovation: The Growing Economic Cost of Professional Control Over Corporate Legal Markets (2008)

This paper focuses on the significant and increasing costs of self-regulation for a core market in which legal services are provided: services to corporate and other business entities. Hadfield notes that the procedural complexity of the law, “rooted in the traditional practices of lawyerly reasoning and dispute resolution, is the primary driver of increased costs.” Hadfield describes the history behind the costly status quo, and offers potential remedies.

Gillian Hadfield, Legal Barriers to Innovation: The Growing Economic Cost of Professional Control Over Corporate Legal Markets (2008).