It's no coincidence that legal fees already suffer in areas where competitive or substitute services are available, while they stay elevated in areas where, either through
regulatory edict or subject - matter complexity, lawyers are the only game in town.
The number of laws, regulations and
edicts with which companies must now comply, and the severity of the penalties for failure to do so, are growing and will grow faster during the imminent worldwide
regulatory overreaction to fiscal recklessness.