Legislation, Regulation, and Litigation: Demand for US Legal Services in Historical Perspective

Cailin Slattery and Ariell Reshef

EconPol Forum, 2025, vol. 26, issue 02, 62-67

Abstract: Key MessagesThe employment share of legal services in the US more than doubled during 1970–1990.At the same time, the relative wages of lawyers and law firm partners increased by 60 percent.This demand shift was driven by important legislative and regulatory events.These increased the scope of the law, uncertainty, sensitivity to effort, and potential for rents.40 percent of expenditures on legal services are excessive, about USD 75 billion in 2024 alone.

Date: 2025
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