Originally, the ABA Economics of Law Section, predecessor of the ABA`s Legal Practice Division, Legal Economic News, published a four-page newsletter, but with a growing audience, the Section Council opted for a journal format called Legal Economics in November 1974. Robert P. Wilkins was instrumental in founding the new journal Section and was its first editor. Although Wilkins was a lawyer by profession, he published a regional magazine, Sandlapper: The Magazine of South Carolina. Arnold Fisher was editor-in-chief and Delmar L. Roberts was editor-in-chief. The first issue of Rechtsökonomie appeared in the spring of 1975 with a circulation of 15,000, although the number of members of the section was much lower. The additional copies were used to promote membership in the section. In August 1977, the ads in Legal Economics exceeded those of the ABA law students` division, but behind those of the lawyer in the ABA`s Young Lawyers Division and the ABA newspaper. By August 1981, however, advertisements in Legal Economics had surpassed all advertisements except the ABA Journal. The divisional magazine is now called Law Practice and was considered by members to be one of the main advantages of the division and contributed to the immense growth of the division. Law Practice Magazine (formerly Law Practice Management)[1] is a legal journal published six times a year by the Law Practice Division of the American Bar Association (ABA). [2] Subtitled „The Business of Practice Law,“ „Law Practice Magazine“ focuses on lawyer management, marketing, technology, and finance.

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