[songshu]

They have, let’s not call it a union to not upset people, but let’s say a collective agreement that they won’t work for capital. They will only work for other lawyers. So there’s no Walmart Law or other enterprise selling legal services for cheap.

[samvher]

I'm trying to parse the idea of "a collective agreement" but can't fully wrap my head around how that would work.

It seems to me more like the lack of a "Walmart Law" is a result of e.g. lack of economies of scale and other economic structure, rather than some collective agreement. (If it was profitable to break out of that agreement and start a "Walmart Law", it seems we'd see that happen pretty quickly?)

But if you know more about this and I'm off the mark I'd love to learn

[songshu]

I looked it up. Rule 5.4 of the American Bar Association.

[echoangle]

https://www.americanbar.org/groups/professional_responsibili...

[HDThoreaun]

Every fortune 500 company has a team of lawyers working for it.