Competition Policy and the Medical Profession

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Abstract
Lewis Goldfarb, a young government lawyer living in Reston, Virginia, needed a title search for his new home and discovered that all the lawyers in the county quoted the same fee. In checking with the local bar association, he learned that these figures just happened to coincide with the fee schedule promulgated by the bar association. He brought an antitrust suit, which was appealed to the U.S. Supreme Court; in a ground-breaking decision in 1975, the court sustained his price-fixing complaint and held that the legal profession was subject to the Sherman Act.1 Up to that time it was widely . . .

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