Knowledge Hierarchies in Law Firms

Luis Garicano and Thomas Hubbard

No 445, Econometric Society 2004 North American Winter Meetings from Econometric Society

Abstract: What determines the internal organization of law firms? Using previously unused census data, we study the production function of law and the way partnerships structure this production. This paper reports findings on the leverage ratios, on the extent of individual specialization, and on the scope of law firms and the variation of these choices with market size. We use these findings to illuminate several competing hypothesis on the role of hierarchies in production

Keywords: personnel economics; organizational economics; labor economics (search for similar items in EconPapers)
JEL-codes: J0 J3 (search for similar items in EconPapers)
Date: 2004-08-11
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Persistent link: https://EconPapers.repec.org/RePEc:ecm:nawm04:445

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