Socio-economic effectiveness of legal consulting in the context of the investment approach Cover Image

Соціально-економічна ефективність юридичного консалтингу в контексті інвестиційного підходу
Socio-economic effectiveness of legal consulting in the context of the investment approach

Author(s): O. S. Marchenko
Subject(s): Law on Economics, Socio-Economic Research
Published by: Національний юридичний університет імені Ярослава Мудрого
Keywords: legal consulting; socio-economic effectiveness of legal consulting; investment approach; return on investment in human capital of lawyers;

Summary/Abstract: The author substantiates the investment approach to analysing socio-economic effectiveness of legal consulting, using the ratio of return on investment of law firms in human capital of lawyers. The author indicates the considerable gap between investments in law firm staff and gross revenue of national law firms. The author proves that application of the model of cheap labour force by legal business leads to losses of quality, the decline in the professional level of consulting activities, the decrease of socio-economic effectiveness and the decline in competitiveness of legal consulting.

  • Issue Year: 2/2018
  • Issue No: 33
  • Page Range: 91-107
  • Page Count: 17
  • Language: Ukrainian