my point exactly (and the author seems to have missed it). there's such a thing as adverse selection in the market (of lawyers) which means that information asy

my point exactly (and the author seems to have missed it). there's such a thing as adverse selection in the market (of lawyers) which means that information asymmetry prevents the formation of a correct market price. in this case people just won't hire a cheap lawyer with discount rates, because they have no insight in the capabilities of a lawyer (or in the field of law) appart from a few if any references and the price.