Is There a Policy Recommendation for Online Law Schools?

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Deregulation would let lawyers compete at a number of different levels. Entry-level people would be able to enter and compete, he says. "We see throughout the legal profession, there could be just a dramatic change in the services that are offered" Once you open the floodgates deregulation, the biggest payoff is innovation, 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.