Abstract
Does having a lawyer familiar with the judge affect the judicial process? We exploit a setting where lead counsel lawyers are selected before judge assignment in corporate bankruptcies and find that cases resolve 25% faster when a lawyer-judge connection exists. The most effective connections arise through previous in-court interactions. Connected cases are more likely to emerge, have lower recidivism, incur lower legal fees, and their creditors recover more. Connected lawyers file fewer motions and their motions are less likely to be contested or denied. The results suggest that connected lawyers use their knowledge of judges' discretion to accelerate court processes.
| Original language | English |
|---|---|
| Publication status | Published - 2021 |
| Event | 2021 FMA Annual Meetings - Duration: 1 Jan 2021 → 1 Jan 2021 |
Conference
| Conference | 2021 FMA Annual Meetings |
|---|---|
| Period | 1/01/21 → 1/01/21 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 10 Reduced Inequalities
Keywords
- Chapter 11
- Corporate bankruptcy
- Lawyers
- Network
- Preferences
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