Market and regulatory forces in the pricing of legal services

Dean Lueck, Reed Olsen, Michael Ransom

Research output: Contribution to journalArticlepeer-review

15 Scopus citations


New data on individual law firms and attorneys is used to examine the effects of professional licensing restrictions and market forces on prices of legal services. The data allow detailed testing of the hypothesis that licensing restrictions serve to increase the price of professional services as well as the incomes of those providing these services. In general, little support is found for this hypothesis. Instead, the estimates show that market forces are most important in explaining variations in prices and attorney incomes.

Original languageEnglish (US)
Pages (from-to)63-83
Number of pages21
JournalJournal of Regulatory Economics
Issue number1
StatePublished - Jan 1995
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics


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