In a Gramscian understanding of the world it is, yes. Forget Gramsci, right now I'm finishing reading a book by Maurice Gauchet [1] (not a leftist by any means) whos's saying exactly that, i.e. that neo-liberalism is very much defined by its insistence on relying on " le juridique"

> Ce dérèglement se manifeste avant tout par la réduction de la démocratie à une logique juridique, le néolibéralisme ayant imposé une conception où le droit, érigé en garant exclusif de la liberté individuelle, relègue le politique à une fonction purement gestionnaire

automatically translated as

> This dysfunction manifests itself primarily through the reduction of democracy to a legalistic logic, as neoliberalism has imposed a conception in which the law—elevated to the status of exclusive guarantor of individual liberty—relegates the political realm to a purely managerial function.

[1] https://en.wikipedia.org/wiki/Marcel_Gauchet