The current study examines earnings differences for practicing lawyers by undergraduate major with a focus on economics majors. Some majors do much better than others. Economics majors tend to do very well in both median and mean earnings, and both without and with controlling for individual...

I study how limited information and ex-post evaluation by third parties affect how regulators design approval rules for innovations. I consider a model in which the regulator designs approval rules to minimize criticism for approval errors and for imposing a costly approval process on innovating...

Innovative technologies trigger changes that threaten current markets, social as well as political orders; and the once conservative and exclusive legal market is no longer immune. The increasingly informed tech-savvy client base, the unbundling of legal services, online service delivery, and...

As lawyers today confront existential challenges to their profession, from globalization to technological change, demands to innovate abound. In a world of rapid change, individuals must have certain skills to succeed; they must be “changemakers.” A notion arising from the global movement of...

Proposals to change the regulatory framework for the legal profession to increase access to legal services have been made for decades. The organized bar frequently responds to these proposals by raising concerns about the difficulty of regulating alternative providers and corporate legal...

The legal profession is facing a convergence of forces, most notably significant advances in the capabilities of technology, economic pressures challenging existing business models and globalisation, that herald momentous change to the practice of law. In Australia the lead in seeking to...