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“Knowledge Hierarchies in Law Firms”

Author

Listed:
  • 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

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
    as

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    More about this item

    Keywords

    personnel economics; organizational economics; labor economics;
    All these keywords.

    JEL classification:

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

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