Bradley, Michael; De Lira Salvatierra, Irving; Gulati, Mitu - In: International Review of Law and Economics 38 (2014) S, pp. 150-168
The claim that lawyers act as gatekeepers or certifiers in financial transactions is widely discussed in the legal literature. There has, however, been little empirical examination of the claim. We test the hypothesis that law firms have replaced investment banks as the gatekeepers of the market...
