Reducing Ethical Misconduct of Attorneys with Mandatory Ethics Training: A Dynamic Panel Approach

Review of Law & Economics, Vol. 15, No. 3, 2019

25 Pages Posted: 7 May 2019 Last revised: 30 Nov 2019

Date Written: May 7, 2019

Abstract

State bar associations require bar applicants to pass the Multistate Professional Responsibility Examination over a range of scores and earn a variable number continuing legal education credits in ethics annually. Panel data from 2007-2014 across the fifty states and the District of Columbia are used to assess whether these requirements reduce charges of ethical misconduct against attorneys. Deviations GMM estimation provides evidence that increases in MCLE annual credit-hours in ethics reduce charges. Specifically, a one-hour increase in MCLE reduces the number of charges of ethical misconduct by 10.506%. The result is robust to different types of models and estimators, but requires making several strong assumptions which are discussed in detail.

Keywords: professional responsibility, MPRE, MCLE, ethics training, GMM, panel data

JEL Classification: K39, K42

Suggested Citation

Fagan, Frank, Reducing Ethical Misconduct of Attorneys with Mandatory Ethics Training: A Dynamic Panel Approach (May 7, 2019). Review of Law & Economics, Vol. 15, No. 3, 2019. Available at SSRN: https://ssrn.com/abstract=3383928

Frank Fagan (Contact Author)

EDHEC Business School ( email )

58 rue du Port
Lille, 59046
France

Register to save articles to
your library

Register

Paper statistics

Downloads
72
Abstract Views
843
rank
331,863
PlumX Metrics