"There's a lot of opportunity for just dramatic changes on both sides of the market," he says. "It won't be that we have too many lawyers now and all we're going to do is lead in this flood of unqualified and competent people." The way people are trained, the way they deal with customers, the marketing of law, I think, will be just dramatically different,. How firms compete, all these kinds of things will change", he adds.
Clifford Winston of the Brookings Institution talks with EconTalk host Russ Roberts about the market for lawyers and the role of lawyers in the political process. Drawing on a new co-authored book, First Thing We Do, Let's Deregulate All the Lawyers, Winston argues that restrictions on the supply of lawyers and increases in demand via government regulation artificially boost lawyers' salaries. Deregulation of the supply (by eliminating licensing) would lower price and encourage innovation.