Abstract

http://ssrn.com/abstract=941135
 
 

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To Make or to Buy: In-House Lawyering and Value Creation


Steven L. Schwarcz


Duke University - School of Law


Journal of Corporation Law, Vol. 33, No. 2, 2007
Duke Law School Legal Studies Paper No. 133

Abstract:     
In recent years, companies have been shifting much of their transactional legal work from outside law firms to in-house lawyers, and some large companies now staff transactions almost exclusively in-house. Although this transformation redefines the very nature of the business lawyer, scholars have largely ignored it. This article seeks to remedy that omission, using empirical evidence as well as economic theory to help explain why in-house lawyers are taking over, and whether they are likely to continue to take over, these functions and roles of outside lawyers. The findings are surprising, suggesting that in-house lawyers may now be performing as high quality work as outside lawyers and that the reputational value of outside lawyers may be significantly diminishing.

Number of Pages in PDF File: 91

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Date posted: November 1, 2006  

Suggested Citation

Schwarcz, Steven L., To Make or to Buy: In-House Lawyering and Value Creation. Journal of Corporation Law, Vol. 33, No. 2, 2007; Duke Law School Legal Studies Paper No. 133. Available at SSRN: http://ssrn.com/abstract=941135

Contact Information

Steven L. Schwarcz (Contact Author)
Duke University - School of Law ( email )
Box 90360
Duke School of Law
Durham, NC 27708
United States
919-613-7060 (Phone)
919-613-7231 (Fax)
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