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“Knowledge Hierarchies in Law Firms”

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  • Luis Garicano
  • Thomas Hubbard

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

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Bibliographic Info

Paper provided by Econometric Society in its series Econometric Society 2004 North American Winter Meetings with number 445.

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Date of creation: 11 Aug 2004
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Handle: RePEc:ecm:nawm04:445

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Keywords: personnel economics; organizational economics; labor economics;

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