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I would expect that an oversupply of lawyers would make them cheaper to hire and nicer to deal with. If we instead have a small group of lawyers that are expens
by miloshasan 16y ago
I would expect that an oversupply of lawyers would make them cheaper to hire and nicer to deal with. If we instead have a small group of lawyers that are expensive and unpleasant, while a lot of younger graduates cannot find jobs, I'd expect there must be some powerful artificial barriers of entry created by the group of insiders, though I have no idea what they could be...
- dagw 16y agoI'm guessing it's because when you are hiring a lawyer it often means that at best millions of dollars or your entire livelihood is at stake and, at worst, your freedom or literally your life is at stake. In those situations most people aren't in a mood to bargain-hunt or take a risk with an unknown and untested product, if they have an option.