Seemingly unrelated, the WSJ’s discussion of antitrust claims challenging below-cost pricing (Antitrust Busters with Gavels, 4/26/2013) and the Internet tabloid Above the Law’s discussion of increased use of “suicide pricing” by Biglaw (Buying In: Suicide Pricing, 4/16/2013), have at least one thing in common; in each instance, the consequence of the irrationally low pricing is that the consumer gets screwed. At least antitrust laws recognize the problem as a matter of public policy and provide a remedy where this occurs in covered marketplace activities. With respect to legal services, there is no such remedy – caveat emptor, let the legal services buyer beware.
How these antitrust claims and below cost lawyer fees are connected after the break.
Continue Reading Comparing Suicide Pricing by Lawyers and Antitrust Claims for Below-Cost Pricing