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A failure of a free market for legal services. Anyone can become a professional ios developer, there is free entry/exit in this market. The ABA artificially lim
by dfc 14y ago
A failure of a free market for legal services. Anyone can become a professional ios developer, there is free entry/exit in this market. The ABA artificially limits the number of potential lawyers with the Bar and requiring you go to an accredited school.[1] An intelligent individual cannot educate themselves in the legal field in their spare time and get to the point where they can hang their own shingle in the same manner an ios developer can. The number of potential lawyers is further reduced by the patent bar as well and states that do not honor out of state lawyers.
[1] With the exception of a few states where one can still "read law" under a judge or attorney and take the bar.
- jonknee 14y agoThat's not it, there are too many attorneys as it is (new grads aren't finding jobs). One big difference is people brag about a high paid attorney (it's considered a good thing to pay a lot for legal advice) but never brag about how much they pay their developers (it's considered a good thing to pay less for developers).
- dfc 14y agoI have never seen anyone claim that the ABA bar and accreditation process did not have an effect on wages. That is a tough position to stake out. Do you have any evidence that the ABA's barrier to entry into the legal market does not inflate wages? And/or that patent bar admission does not increase the amount of money a lawyer can charge for their time? Moreover the "new grads without jobs" is a fairly recent development.* Recent grads with jobs are certainly not billing $700 an hour, so I'm not really sure what that has to do with the original question. * Given the recent decline in LSAT registrations it is clear that this supply surplus is temporary and is not the new normal.
- deleted 14y ago[deleted]