[rayiner]

The article is about non-lawyer ownership of law firms. Loosening the rules on conflicts and non-lawyer ownership of law firms would enable what happened in the accounting industry: consolidation of the industry into a handful of mega-firms. I don't see how that would be conducive to innovation. Exactly the opposite is true. A legal "Big Four" would be far more able to resist technological changes than the hundreds of firms competing with each other today.

I'm trying to think of a concrete example of protectionism keeping out new technology, and frankly I'm at a loss. I don't think it squares with the economics. Clients these days come with a budget in mind. If a law firm can do the work with say half as many billable hours by using technology, they can bid to do the work for a fixed fee 25% below the market rate, and then pocket the difference. It'd be a no brainer, if that technology existed. Instead, more often you see firms agreeing to a budget cap and just eating hours billed over the cap.