How Law Schools Evade Competition

In almost every state, those who want to take the bar exam and become licensed to practice law must first graduate from a law school accredited by the American Bar Association. As Lawrence Velvel, dean of the Massachusetts School of Law noted in a recent essay, the ABA insists on keeping costs needlessly high. Law schools have been cartelized. They are protected by law against innovative competition from without and outbreaks of competition within their ranks.