A prescription for a wicked problem.
Parts I ( 239), II (240), and III (245) of this series have canvassed the matter of balkanized legal services regulation. While not a comprehensive review of all dimensions of this large, complex system, I have drilled down to some of the examples of this phenomenon. And, in Part I and, especially, in Part III, I describe some of the regulatory pathologies that emerge from a system that is configured in such a balkanized way, pathologies that are problematic from a consumer welfare perspective but are deeply entrenched.
Continue Reading Our Bar Federalism, Part IV (246)