Citation

Khong, Dennis Wye Keen (2020) The Future of Lawyers as Transaction Cost Engineers. In: Legal Education and Legal Traditions: Selected Essays. SpringerBriefs in Environment, Security, Development and Peace, 34 . Springer Nature, pp. 15-26. ISBN 978-3-030-50903-3, 978-3-030-50902-6

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Abstract

This paper explains the important role lawyers play as ‘transaction cost engineers’, in facilitating negotiations and in contracting. It analyses the significant contributions made by Ronald H. Coase on the importance of paying attention to transaction costs, as well as the lessons that can be derived from the so-called Coase Theorem. It also looks at the role contemporary lawyers can and should play outside of a litigation setting, as well as the nature of legal education on training lawyers as transaction cost engineers. The opportunities brought about by the increased use of information technology in legal practice are also considered.

Item Type:	Book Section
Uncontrolled Keywords:	Legal education, Law—Study and teaching
Subjects:	K Law > K Law (General)
Divisions:	Faculty of Law (FOL)
Depositing User:	Ms Suzilawati Abu Samah
Date Deposited:	23 Sep 2021 14:34
Last Modified:	23 Sep 2021 14:35
URII:	http://shdl.mmu.edu.my/id/eprint/8207

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