f/k/a archives . . . real opinions & real haiku

December 3, 2004

licensing fattens lawyer income says study

Filed under: pre-06-2006 — David Giacalone @ 5:29 pm

honest A new study of lawyer licensing in the USA concludes that regulation serves the profession’s financial interests rather than the public’s interest in protection from incompetent or unethical lawyers. In “What is the Objective of Professional Licensing? Evidence from the US Market for Lawyers” (Nov 2004), Turin Univ. Prof. Mario Pagliero finds that the objective of such regulation in the USA is explained by capture theory, and “licensing increases annual entry salaries by more than $20,000.”

Pagliero notes “This implies a total transfer from consumers to lawyers of 36% of lawyers’ wages and a total welfare loss of over $6 billion.” The abstract is available from SSRN, and the entire 36-page study can be obtained with a free registration.

  • According to the study, of the 25 states covered, the “transfer” per lawyer from consumers was more than $40,000 per year in Mass., NY and NJ, and under $10,000 only in Iowa. (chart at p. 32)

the thief
is just as he is…
hazy moon

……………………………………. by ISSA, translated by D.G. Lanoue


one-breath pundit

tiny check On a not-unrelated topic: As he does so often, Matt Homann at the [non]billable hour, is once again dreaming up ways for lawyers to extract more money from clients without giving them a better product. (and LegalBlogWatch is encouraging him!)  Once again, I wonder how the fiduciary relationship jibes with manipulating client psyches and price elasticities in order to maximize profits. See our posts on value billing, lawyer marketing, and fees and the lawyer-fiduciary.

wrong way sm

late for the heron

Filed under: pre-06-2006 — David Giacalone @ 11:55 am


I can’t believe we let two days go by without stopping at The Heron’s Nest

to see its December edition.  I hope “chief judge” Christopher Herold won’t

hold me in contempt. 

 

pelicans  Among the dozens of fine haiku, two by f/k/a Honored Guests

were selected as this month’s Editor’s Choices:

 





crackling beach fire —

we hum in place of words

we can’t recall

                                 Michael Dylan Welch

 

Flooded plain —

fence tops show which water

belongs to whom

                                   George Swede

 

 

 

Editor’s Choices, The Heron’s Nest VI:11 (Dec. 2004) 

 

 

Click here to see this month’s winner of the Heron’s Nest Award, a fine haiku by

Joann Klontz, along with commentary by Paul David Mena, part of which has

a great tip for haiku poets (and worked for dagosan this morning):



When a haiku poet is devoid of inspiration, he or she needs only to

look to the sky. Whether the moon waxes or wanes, shooting stars

silently arc above us, or clouds render the heavens a featureless

expanse of utter nothingness, it is often our only consistent Muse.

Winter stars are all the more poignant in their contrast with the dark

sky, a contrast that heightens with each sleepless hour.”

 











snow falls

from a low gray sky –

she lifts the sauce pan lid

                                    [Dec. 3, 2004] 

 

one-breath pundit 




  • If you haven’t seen the United Church of Christ 30-second ad that was refused

    by some major networks as too controversial, please go here. (via Jim Moore). 

    UCC describes the ad:


    The UCC’s first 30-second television advertisement – part of the

    denomination’s new, broad identity campaign – began airing nationwide

    on Dec. 1, stating that – like Jesus – the United Church of Christ seeks

    to welcome all people, regardless of ability, age, race, economic circumstances

    or sexual orientation.





  • Information Empowers Consumers:  This is great! On Dec. 9:


    Rx  “On Dec. 9, Consumers Union, the nonprofit publisher of Consumer Reports,

    will be launching Consumer Reports Best Buy Drugs, an innovative public

    education project that will help you find prescription drugs that fit your budget—

    especially if you are a senior or have no prescription drug coverage. Visitors to

    the Consumer Reports Best Buy Drugs website will be able to view the latest findings

    about the comparative effectiveness and cost-effectiveness of many widely used

    prescription drugs. We will tell you what you need to know when you talk to your

    doctor about switching to more cost-effective medications.” (via Sabrina)


    Maybe folks who  have been spending $200 a month for a “miracle” pain reliever will decide

    that $2 a month aspirin or ibuprofen is a far better value.

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