Paperback Edition
Paperback
224 pages
$25.95
Choose vendor to order paperback edition
BrownWalker Press
Amazon.com
Barnes & Noble
Harvard Book Store
Return policy
PDF eBook
Entire PDF eBook
775k
$17
Get instant access to an entire eBook
Buy PDF Password
Download Complete PDF
eBook editions
Organizing Corporate Legal Services
Theory vs. Practice
by James J. Cook, Ph.D.


Publisher: | Dissertation |
Pub date: | 2004 |
Pages: | 224 |
ISBN-10: | 1581122306 |
ISBN-13: | 9781581122305 |
Categories: | Business Business & Economics Law & Legal Studies |
Abstract
The principal question addressed is the extent to which American organizations source legal services they require in a manner consistent with transaction cost economics and agency theory. Transaction cost economics (TCE) is an interdisciplinary undertaking which joins economics with aspects of organizational theory and contract law. TCE views frequency, uncertainty and asset specificity (the extent to which assets have little utility or value except in the context of a particular transaction or relationship) as key variables in determining how a transaction will be structured. Agency theory focuses on identifying the most efficient contract form for a relationship taking into account certain assumptions of self-interest, bounded rationality, risk aversion and the cost of verifying what the agent is doing.A survey was sent to full-time in-house general counsel to collect data on actual practices in sourcing legal services for seven different areas of law: antitrust/trade regulation, commercial contracts, intellectual property, labor/employment, litigation, securities and taxes. The survey instrument s questions also covered key elements of TCE and agency theory, including uncertainty, asset specificity, frequency, law firm reputation and law firm trustworthiness. In excess of three hundred fully completed surveys were returned.
The survey data were subjected to statistical analysis including multiple regression. The analysis disclosed the locus of the requisite expertise (i.e., either in-house or at an outside law firm) to be the principal determinant for sourcing of needed legal services; the first variable to enter each regression equation dealing either with preference for doing the work in-house or the percentage of work assigned to outside counsel was the variable for the level of in-house expertise. Other survey data, and information obtained in interviews with corporate counsel, showed that in-house legal expertise is generally created and maintained for types of legal matters an organization continually (or at least frequently) encounters. Asset specificity aspects of TCE appear consistent with actual practice. Hypotheses based upon TCE s uncertainty element were supported only to the extent the data confirmed that uncertainty is dealt with by aligning expertise with the task. Hypotheses relating to other aspects of TCE and to agency theory were not supported.
Paperback Edition
Paperback
224 pages
$25.95
Choose vendor to order paperback edition
BrownWalker Press
Amazon.com
Barnes & Noble
Harvard Book Store
Return policy
PDF eBook
Entire PDF eBook
775k
$17
Get instant access to an entire eBook
Buy PDF Password
Download Complete PDF
eBook editions
Share this book
Relevant events
OCT
3
GLOBALCME
2nd Global Conference on Management and Economics
The 2nd Global Conference on Management and Economics (GLOBALCME) will take place on 03-05 October 2025 in Milan, Italy. A city steeped in history, Milan offers attendees a unique setting that inspires both intellectual an...
2nd Global Conference on Management and Economics
The 2nd Global Conference on Management and Economics (GLOBALCME) will take place on 03-05 October 2025 in Milan, Italy. A city steeped in history,...
2nd Global Conference on Management and Economics
The 2nd Global Conference on Management and Economics (GLOBALCME) will ta...
2nd Global Conference on Management and Economics
The 2nd Global Conference on Management and Econ...
03 - 05 Oct 2025
Milan, Italy
OCT
15
NexGen Banking Summit 15th - 16th, October, 2025
Join us on October 15th-16th, 2025, at the Hilton Hotel in London for the first-ever summit focused on how Generative AI is changing banking! With 78% of banks already using or planning to use this technology, it’s clear t...
NexGen Banking Summit 15th - 16th, October, 2025
Join us on October 15th-16th, 2025, at the Hilton Hotel in London for the first-ever summit focused on how Generative AI is changing banking! With ...
NexGen Banking Summit 15th - 16th, October, 2025
Join us on October 15th-16th, 2025, at the Hilton Hotel in London for the...
NexGen Banking Summit 15th - 16th, October, 2025
Join us on October 15th-16th, 2025, at the Hilto...
15 - 16 Oct 2025
London, United Kingdom
OCT
17
WORLDMBE
8th World Conference on Management, Business and Economics (WORLDMBE)
Join Us at WORLDMBE 2025!
8th World Conference on Management, Business and Economics
📍 Lyon, France | 📅 October 19–21, 2025
Immerse yourself in innovation and discovery at WORLDMBE 2025—a leading international confe...
8th World Conference on Management, Business and Economics (WORLDMBE)
Join Us at WORLDMBE 2025!
8th World Conference on Management, Business and Economics
📍 Lyon, France | 📅 October 19–21, 2025
Immerse yourself...
8th World Conference on Management, Business and Economics (WORLDMBE)
Join Us at WORLDMBE 2025!
8th World Conference on Management, Business a...
8th World Conference on Management, Business and Economics (WORLDMBE)
Join Us at WORLDMBE 2025!
8th World Conference ...
17 - 19 Oct 2025
Lyon, France
OCT
24
CEBMM 2025
2025 14th International Conference on Economics, Business and Marketing Management (CEBMM 2025)
Publication:
The excellent accepted and registered full papers of CEBMM 2025 will be recommended to be published into Journal of Advanced Management Science or International Journal of Trade, Economics and Finance.
Jou...
2025 14th International Conference on Economics, Business and Marketing Management (CEBMM 2025)
Publication:
The excellent accepted and registered full papers of CEBMM 2025 will be recommended to be published into Journal of Advanced Manageme...
2025 14th International Conference on Economics, Business and Marketing Management (CEBMM 2025)
Publication:
The excellent accepted and registered full papers of CEBMM ...
2025 14th International Conference on Economics, Business and Marketing Management (CEBMM 2025)
Publication:
The excellent accepted and registe...
24 - 26 Oct 2025
Singapore, Singapore
OCT
24
ICEBA 2025
2025 11th International Conference on E-Business and Applications (ICEBA 2025)
Paper Publishing and Indexing:
Submitted papers must be original and contain work that has not been published before or is under review elsewhere. Accepted papers will be published in the ICEBA 2025 Conference proceeding...
2025 11th International Conference on E-Business and Applications (ICEBA 2025)
Paper Publishing and Indexing:
Submitted papers must be original and contain work that has not been published before or is under review elsewhere...
2025 11th International Conference on E-Business and Applications (ICEBA 2025)
Paper Publishing and Indexing:
Submitted papers must be original and co...
2025 11th International Conference on E-Business and Applications (ICEBA 2025)
Paper Publishing and Indexing:
Submitted paper...
24 - 26 Oct 2025
Singapore, Singapore
OCT
24
ICABME
10th International Conference on Advanced Research in Business, Management and Economics
10th International Conference on Advanced Research in Business, Management, and Economics
Dates: 24 – 26 October 2025
Location: Geneva, Switzerland
Venue: Domaine Barton, Geneva Graduate Institute, Villa Barton
We a...
10th International Conference on Advanced Research in Business, Management and Economics
10th International Conference on Advanced Research in Business, Management, and Economics
Dates: 24 – 26 October 2025
Location: Geneva, Switzerla...
10th International Conference on Advanced Research in Business, Management and Economics
10th International Conference on Advanced Research in Business, Managemen...
10th International Conference on Advanced Research in Business, Management and Economics
10th International Conference on Advanced Resear...
24 - 26 Oct 2025
Geneva, Switzerland
OCT
24
2025 Int'l Conference on Innovation in Management (ICIM 2025)
2025 Int'l Conference on Innovation in Management
(ICIM 2025)
Oct. 24-26, 2025 Xiamen, China
Website:https://www.academicx.org/ICIM/2025/
Website:Oct. 24-26, 2025
Date:Xiamen, China
Email:contact10@academicx.org
...
2025 Int'l Conference on Innovation in Management (ICIM 2025)
2025 Int'l Conference on Innovation in Management
(ICIM 2025)
Oct. 24-26, 2025 Xiamen, China
Website:https://www.academicx.org/ICIM/2025/
W...
2025 Int'l Conference on Innovation in Management (ICIM 2025)
2025 Int'l Conference on Innovation in Management
(ICIM 2025)
Oct. 24-2...
2025 Int'l Conference on Innovation in Management (ICIM 2025)
2025 Int'l Conference on Innovation in Managemen...
24 - 26 Oct 2025
Xiamen, China, China
OCT
24
The 15th Int'l Conference on Management and Service Science(MASS 2025)
The 15th Int'l Conference on Management and Service Science
(MASS 2025)
Oct. 24-26, 2025 Xiamen, China
Website:https://www.academicx.org/MASS/2025/
Website:Oct. 24-26, 2025
Date:Xiamen, China
Email:contact10@acad...
The 15th Int'l Conference on Management and Service Science(MASS 2025)
The 15th Int'l Conference on Management and Service Science
(MASS 2025)
Oct. 24-26, 2025 Xiamen, China
Website:https://www.academicx.org/MAS...
The 15th Int'l Conference on Management and Service Science(MASS 2025)
The 15th Int'l Conference on Management and Service Science
(MASS 2025)
...
The 15th Int'l Conference on Management and Service Science(MASS 2025)
The 15th Int'l Conference on Management and Serv...
24 - 26 Oct 2025
Xiamen, China, China
OCT
24
ICBML
3rd International Conference on Business, Management and Leadership (ICBML)
Join the 3rd International Conference on Business, Management and Leadership – Oxford, UK | 24–24 October 2025
Be part of an internationally renowned gathering that brings together top minds in management—including rese...
3rd International Conference on Business, Management and Leadership (ICBML)
Join the 3rd International Conference on Business, Management and Leadership – Oxford, UK | 24–24 October 2025
Be part of an internationally ren...
3rd International Conference on Business, Management and Leadership (ICBML)
Join the 3rd International Conference on Business, Management and Leaders...
3rd International Conference on Business, Management and Leadership (ICBML)
Join the 3rd International Conference on Busines...
24 - 26 Oct 2025
Oxford, United Kingdom
OCT
27
9th Edition of Nursing World Conference
Prepare to ignite your passion for nursing at the 9th Edition of the Nursing World Conference (NWC 2025) from October 27-29, 2025, in Orlando, Florida, USA! This year, we’re elevating your Nursing World Conference 2025 exp...
9th Edition of Nursing World Conference
Prepare to ignite your passion for nursing at the 9th Edition of the Nursing World Conference (NWC 2025) from October 27-29, 2025, in Orlando, Flor...
9th Edition of Nursing World Conference
Prepare to ignite your passion for nursing at the 9th Edition of the Nurs...
9th Edition of Nursing World Conference
Prepare to ignite your passion for nursing at th...
27 - 29 Oct 2025
Orlando, United States