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Lawyer Exceptionalism in the Gatekeeping Wars

Sung Hui Kim

UCLA School of Law

April 30, 2010

SMU Law Review, Vol. 63, p. 73, 2010

Although there is much debate about whether lawyers should have gatekeeping duties to avert client illegality and prevent harm to the capital markets, few have examined the fiery rhetoric that fuels this ongoing controversy. This Article explores the rhetoric deployed by the legal profession to ward off the federal regulation of lawyers who appear and practice before the Securities and Exchange Commission (SEC). After describing three canonical battles between the SEC and the bar, it identifies and examines the powerful rhetoric of “lawyer exceptionalism” – the notion that lawyers’ societal function is unique and qualitatively different from that of other professionals who have legal obligations to avert fraud – and that this unique function is so valiant and virtuous that lawyers should be exempt from these gatekeeping obligations. The claim of lawyer exceptionalism hinges on the implicit invocation of particular images – the most important being the image of the lawyer as a litigator engaged in zealous advocacy. This Article demonstrates how these images – or, more accurately, “prototypes” – are used to persuade audiences that gatekeeping is fundamentally inconsistent with the practice of law. Moreover, it argues that the image of the litigator engaged in zealous advocacy is both exaggerated and misleading in the domain of the federal securities regulation of lawyers. This Article then offers suggestions on how to undermine the rhetoric of lawyer exceptionalism.

Number of Pages in PDF File: 64

Keywords: lawyer exceptionalism, gatekeeping wars, gatekeeper, SEC, organized bar, legal ethics, securities regulation, cognitive psychology, prototype, contrast effect, securities fraud, external regulation of the bar

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Date posted: May 4, 2010 ; Last revised: June 3, 2010

Suggested Citation

Kim, Sung Hui, Lawyer Exceptionalism in the Gatekeeping Wars (April 30, 2010). SMU Law Review, Vol. 63, p. 73, 2010. Available at SSRN: https://ssrn.com/abstract=1598546

Contact Information

Sung Hui Kim (Contact Author)
UCLA School of Law ( email )
385 Charles E. Young Dr. East
Room 1242
Los Angeles, CA 90095-1476
United States
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