TBA Law Blog

Posted by: Katharine Heriges on Dec 7, 2017
“Law has operated as a guild – not a competitive market – until recently,” said Mark A. Cohen for Forbes magazine. “And that is the seminal reason why lawyers are so expensive.” In an op-ed, Cohen examines why legal work costs what it does and how consumer demands are changing the market. “Consumers, not lawyers, are now driving the bus,” he said. Cohen separates the legal “profession” from the “business", noting that while lawyers are involved in both, they are two sides that don’t always work towards the same goals.