EC launches probe into law firm cartels

The European Commission is launching a high-level inquiry into anticompetitive behaviour in law firms. Competition Commissioner Mario Monti is examining whether rules set by every legal regulator in Europe encourage anticompetitive behaviour that is against the public interest. A public hearing has been tabled to take place in Brussels at the end of this month to discuss whether rules insisted upon by some European regulators, such as price regulation and advertising restrictions, are anticompetitive.