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by cookiecaper 5091 days ago
I don't have time to get too deeply into it. I addressed this point lightly and I think "there are a handful of major, easily identifiable 'indecencies' in the legal industry".

A few among these: the general requirement to obtain a classical JD from an accredited law school (a few states have partial exceptions to this) in order to sit for the bar, which places a debt burden upon the new lawyer usually at least equivalent to a mortgage, rigidity and verbosity of the court system, including rules that specifically exclude self-representation and impose needlessly onerous paperwork requirements, paywalls imposed by legal references if not by the court system itself (variable by state), and of course, the realization among lawyers that people rarely have a realistic option not to pay you or one of your direct competitors, so even if explicit collusion does not occur, there is an implicit price floor that no one is willing to break lest they invoke a "race to the bottom" (a function of the serious prohibitive barriers to entry that prevent new blood from coming and breaking this floor).

Why can't the loads of unemployed recent JDs swoop in and take over the market? Because like most recent grads in other fields, these JDs don't have any idea what they're doing and can't supply seriously meaningful services at any rate.