New PDF release: 2 X 2 = Boo: A Set of Spooky Multiplication Stories

By Loreen Leedy

ISBN-10: 0823412725

ISBN-13: 9780823412723

Multiplication is made frightfully enjoyable! A desk is integrated.

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Link on the website. Not only would the provider have to be fully owned, managed, and financed by lawyers in order to provide that service, it would have to ensure that a client in Idaho only received advice from a lawyer licensed to practice in Idaho. To open competition in legal markets, it is therefore critical to establish a national regulatory regime guided by both legal and economic policymakers. Preempting state regulation, perhaps initially for only subsets of lawyers (such as those providing services to corporations only), is a necessary step both to reduce the fragmentation of the industry and to shift regulation onto an economic policy–based footing.

Heinz, Robert L. Nelson, Edward O. Laumann, and Ethan Michelson, “The Changing Character of Lawyers’ Work: Chicago in 1975 and 1995,” Law and Society Review 32 (1998): 751. 12 There are few collaborative enterprises that merge legal expertise with other business expertise. Legal enterprises must be exclusively financed by withheld profits and bank loans, cutting innovators off from large-scale capital markets, private equity, and thirdparty financing and insurance. This lack of financial diversification limits the risk-bearing capacity of the firm and may account in part for the high levels of risk aversion we see in legal practitioners more generally.

Preempting state regulation, perhaps initially for only subsets of lawyers (such as those providing services to corporations only), is a necessary step both to reduce the fragmentation of the industry and to shift regulation onto an economic policy–based footing. Such a regime should drop the requirement of lawyer ownership, control, and financing of legal businesses and sharply curtail the scope of activities for which formal legal training and bar admission is required. Arguably, business consumers of legal services—particularly larger businesses and those with expert in-house purchasers of these services—should not be under any limitation on who they can hire, domestic or foreign, to perform “legal” work.

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2 X 2 = Boo: A Set of Spooky Multiplication Stories by Loreen Leedy


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