The Economics of Law Reviews

Dave Hoffman

Dave Hoffman is the Murray Shusterman Professor of Transactional and Business Law at Temple Law School. He specializes in law and psychology, contracts, and quantitative analysis of civil procedure. He currently teaches contracts, civil procedure, corporations, and law and economics.

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5 Responses

  1. I thought we subsidized our law review because it was a great learning opportunity for our students. Is there no room for that on your list?

  2. dave hoffman says:

    I’m not sure that it is a great learning opportunity for most students on most law reviews. But you are right, that certainly should be in the mix, and my post is incomplete without it.

  3. Matt Bodie says:

    You may be interested in the presentations at the Lewis & Clark Open Access & Legal Scholarship symposium last spring. Here’s the site: Jessica Litman’s article on the economics of open access has a nice breakdown of the revenues and costs of a typical law review.

  4. Former Exec Editor says:

    Not all law schools subsidize their law reviews. Law reviews are paid by Westlaw and Lexis, and perhaps receive payments from other republication companies, so some law reviews turn a profit (e.g., Yale, Harvard–there may be others).

  5. Paul Gowder says:

    Wait, why is Posner’s suggestion so impractical? Senior faculty in other disciplines run the journals: there are fewer of them, but they’re miles and miles better. Obviously the tenure system didn’t strip the incentives there.