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Why would you bid any amount at all? I don't understand why the rich person would be incentivized to bid. Let both bid zero and skip the lawyers. And wouldn't
by ars 6y ago
Why would you bid any amount at all? I don't understand why the rich person would be incentivized to bid. Let both bid zero and skip the lawyers.
And wouldn't this be a great way for lawyers to earn lots of fees by encouraging poor people to sue rich people.
Much simpler is simply get rid of personal lawyers. The adversarial model is not the only option. You can do like small claims court and have the judge act as a truth finder.
The court could hire a lawyer if the judge feels that assistance is needed (for complex cases).
- jdashg 6y agoToday, the poor side must bear (or float) the cost of their lawyer, but the rich side has unbounded ability to fight it. Under a pooled system, you could ante in 10k and if the opposition needs more money to defend themselves than 5k, they have to give you monetary ammunition as well! This prevents being nuked into settlement by being outspent, despite an otherwise sound claim. (Which definitely happens right now)