The Federal Trade Commission dubbed the American Bar Association a monopoly for its hold on determining which law school’s graduates qualify for the state’s bar exam, endorsing a Texas Supreme Court proposal to strip its authority.
In a stern 9-page annotated letter to Texas justices, FTC officials argued that the ABA’s control over law school accreditation creates anti-competitive conditions that harm consumers by limiting the supply of lawyers while driving up legal costs. The current Texas rule requires applicants to graduate from an ABA-approved school, effectively giving the association veto authority over who can practice law in the second-largest state. ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.