Following the implementation of the Sarbanes-Oxley Act, scholars argued that one-size-fits-all corporate governance imposed disproportionately high compliance costs on small businesses, weakening their competitiveness vis-à-vis larger firms. As an alternative, these critics contended that...

England and Australia have abandoned self-regulation of the legal profession yet Canadian law societies continue to function on this basis. This article argues that the self-regulatory model on which the Law Society of Ontario (the “LSO”) operates represents an inadequate form of governance...

The limited academic literature on regulation of the legal profession argues that law societies should further regulate large law firms. This article takes a countervailing position and submits that as a result of complex regulatory-like infrastructure that already exists within large firms, the...