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Blook reviews of Trapp and Page on external counsel and Leeson on pirate economics

Having published recently by first two blook reviews, (See my post of July 30, 2009: Leigh Dance book; and Aug. 5, 2009: Laura Empson book.), fairness urged me to recognize another pair of books.

First is a UK-published book that covers many topics, Ann Page and Richard Trapp, Managing External Legal Resources (ICSA 2007). I extracted five posts (See my post of March 6, 2009: beyond an SLA, a Legal Exposure Plan; March 6, 2009: British management terms; March 31, 2009 #4: newsletter for network law firms; March 31, 2009: single-question post mortem; and April 1, 2009: workshops with key law firms.).

The second, Peter Leeson, The Invisible Hook: The Hidden Economics of Pirates (Princeton Univ. 2009), stimulated six ideas for posts. The well-written book has fascinating accounts of pirates all explained in the context of economic principles at sea (See my post of Aug. 10, 2009: transaction-cost economics; Aug. 10, 2009: “signals” by law departments that hire expensive firms; Aug. 10, 2009: dispersed benefits compared to concentrated costs; Aug. 10, 2009 #4: expenditures on lobbyists; Aug. 12, 2009: governance and the size of a department; and Aug. 12, 2009: rational-choice model.).