What Law Schools Can Learn from Billy Beane and the Oakland Athletics

Caron, Paul L. and Gely, Rafael, "What Law Schools Can Learn from Billy Beane and the Oakland Athletics" . Texas Law Review, Vol. 82, May 2004 (Download)

Abstract:

"In Moneyball, Michael Lewis takes an inside look at how in recent years the Oakland A's have achieved one of the best records in baseball despite having one of the lowest player payrolls. Cass Sunstein and Richard Thaler have argued that the book has large and profound implications for other professions. This review essay by a tax law professor and a labor law professor explores the book's large and profound implications for law schools.

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In many ways, legal education is teeming with more inefficiencies than Beane uncovered in baseball. We argue that changes in the economic conditions of higher education and the legal profession, combined with increasing demands for accountability and transparency, created the market demand for measuring organizational success which U.S. News & World Report met with its annual law school rankings. We explore the implications of Moneyball for legal education in three areas."