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“Knowledge Hierarchies in Law Firms”


  • Luis Garicano
  • Thomas Hubbard


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

Suggested Citation

  • Luis Garicano & Thomas Hubbard, 2004. "“Knowledge Hierarchies in Law Firms”," Econometric Society 2004 North American Winter Meetings 445, Econometric Society.
  • Handle: RePEc:ecm:nawm04:445

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    References listed on IDEAS

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    11. Carrasco, Marine & Chernov, Mikhaël & Florens, Jean-Pierre & Ghysels, Eric, 2000. "Efficient Estimation of Jump Diffusions and General Dynamic Models with a Continuum of Moment Conditions," IDEI Working Papers 116, Institut d'Économie Industrielle (IDEI), Toulouse, revised 2002.
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    More about this item


    personnel economics; organizational economics; labor economics;

    JEL classification:

    • J0 - Labor and Demographic Economics - - General
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs


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