Nr 4. The legal market has failed its buyers
- There is a great imbalance of power of legal services. Sellers (lawyers) have had all the legal knowledge and the quality of the service delivered. Sellers had all the power.
- There was a legal service ‘monopoly’. There is one offer and that is ‘the law’ and lawyers long time were the sole owners/sellers of the service.
- Legal solutions are priced to serve the interest of the sellers (lawyers).
Read further details in the e-book or paper version of Law is a buyers’ market by Jordan Furlong. This is an abstract of page 1-6 of the book. Next article in the series, nr 5. will focus on the pricing mechanism.