Lawyers are so expensive because, until recently, law operated as a guild rather than a competitive market, according to an op-ed by a fellow at Northwestern University Pritzker School of Law.
The system of lawyer licensing had fostered a “bespoke myth” that maintained all legal matters were unique, inherently complex and worthy of premium rates, according to the
Forbes article by
Mark Cohen.
Dec 7, 2017 7:00 AM CST