“Knowledge Hierarchies in Law Firms”
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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|Date of creation:||11 Aug 2004|
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