How Green Was My Valley? An Examination of Tournament Theory as a Governance Mechanism in Silicon Valley Law Firms

Law and Society Review

Volumn 37, Issue 4, 2003, Pages 731-764

  Price, Bruce M ^a,b  

^a Butterick Building   (United States)

^b NEW YORK UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 10744226661     PISSN: 00239216     EISSN: None     Source Type: Journal    
DOI: 10.1046/j.0023-9216.2003.03704002.x     Document Type: Article

References (31)

1. Baird, Douglas G., Robert H. Gertner, & Randal C. Picker (1994) Game Theory and the Law. Cambridge: Harvard Univ. Press.
2. Carmichael, Lorne (1984) "Work, Incentives, Hierarchy, and Internal Labor Markets," 92 J. of Political Economy 486.
3. Demsetz, Harold (1995) The Economics of the Business Firm: Seven Critical Commentaries. Cambridge: Cambridge Univ. Press.
4. Galanter, Marc, & Thomas Palay (1991) Tournament of Lawyers: The Transformation of the Big Law Firm. Chicago: Univ. of Chicago Press.
5. _ (1998) "A Little Jousting About the Big Law Firm," 84 Virginia Law Rev. 1683.
6. Gilson, Ronald J., & Rober H. Mnookin (1985) "Sharing Among the Human Capitalists: An Economic Inquiry into the Corporate Law Firm and How Partners Split Profits," 37 Stanford Law Rev. 392.
7. _ (1989) "Coming of Age in the Corporate Law Firm: The Economics of Associate Career Patterns," 41 Stanford Law Rev. 567-95.
8. Hansmann, Henry (1996) The Ownership of Enterprise. Cambridge: Harvard Univ. Press.
9. _ (1989) "New Organizational Forms," 16 Work and Occupations 323-57.
10. Johnson, Vincent Robert (1991) "On Shared Human Capital: Promotion Tournaments and Exponential Law Firm Growth," 70 Texas Law Rev. 537.
11. Kordana, Kevin A. (1995) "Law Firms and Associate Careers: Tournament Theory Versus the Production Imperative Model," 104 Yale Law J. 1907.
12. Kronman, Anthony T. (1993) The Lost Lawyer: Failing Ideals of the Legal Profession. Cambridge: Harvard Univ. Press.
13. Kummel, William (1996) "A Market Approach to Law Firm Economics: A New Model for Pricing, Billing, Compensation and Ownership in Corporate Legal Services," 1996 Columbia Business Law Rev. 379.
14. Lambert, Frederick (1992) "An Academic Visit to the Modern Law Firm: Considering a Theory of Promotion-Driven Growth," 90 Michigan Law Rev. 1719.
15. Lazear, Edward P., & Sherwin Rosen (1981) "Rank Order Tournaments as Optimum Labor Contracts," 89 J. Political Economy 841.
16. Leibowitz, Arleen, & Robert Tollison (1980) "Free Riding, Shirking, and Team Production in Legal Partnerships," 18 Econ. Inquiry 380.
17. Malcomson, James M. (1984) "Work, Incentives, Hierarchy, and Internal Labor Markets," 92 J. of Political Economy 486.
18. Martindale-Hubbell (1999) Martindale-Hubbell Law Directory. New Providence, NJ: Martindale-Hubbell, Inc.
19. Mehta, Shailendra Raj (1998) "The Law of One Price and a Theory of the Firm: A Ricardian Perspective on Interdisciplinary Wages," 29 Rand J. Econ. 137.
20. Nelson, Robert (1992) "Of Tournaments and Transformations: Explaining the Growth of Large Law Firms," 1992 Wisconsin Law Rev. 733.
21. Orts, Eric (1998) "Shirking and Sharking: A Legal Theory of the Firm," 16 Yale Law & Policy Rev. 265.
22. Ribstein, Larry E. (1998) "Ethical Rules, Agency Costs, and Law Firm Structure," 84 Virginia Law Rev. 1707.
23. Rutherglen, George, & Kevin A. Kordana (1998) "A Fairwell to Tournaments? The Need for an Alternative Explanation of Law Firm Structure and Growth," 84 Virginia Law Rev. 1695.
24. Sander, Richard H., & E. Douglass Williams (1992) "A Little Theorizing About the Big Law Firm: Galanter, Palay and the Economics of Growth," 17 Law & Social Inquiry 391.
25. Samuelson, Susan S., & Lynn J. Jaffe, "A Statistical Analysis of Law Firm Profitability," 70 Boston University Law Rev. 185.
26. Spence, Michael A. (1974) Market Signaling: Informational Transfer in Hiring and Related Screening Processes. Cambridge: Harvard Univ. Press.
27. Suchman, Mark C. (1994) On Advice of Counsel: Law Firms and Venture Capital Funds as Information Intermediaries in the Structuration of Silicon Valley. Doctoral dissertation. Stanford: Stanford University.
28. _ (1995) "Localism and Globalism in Institutional Analysis: The Emergence of Contractual Norms in Venture Finance," in W. R. Scott, & S. Christensen, eds., The Institutional Construction of Organizations. Thousand Oaks, CA: Sage.
29. Suchman, Mark C., & Lauren B. Edelman (1996) "Legal Rational Myths: The New Institutionalism and the Law and Society Tradition," 21 Law & Social Inquiry 903-41.
30. Swaine, Robert Taylor (1946) The Cravath Firm and Its Predecessors. New York: Ad Press.
31. Wilkins, David B., & G. Mitu Gulati (1998) "Reconceiving the Tournament of Lawyers: Tracking, Seeding, and Information Control in the Internal Labor Market of Elite Law Firms," 84 Virginia Law Rev. 1581.