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It's a huge problem for the USA. We have more lawyers than any other country on a per capita basis and we don't have "loser pays". To begin to estimate the co
by ldiracdelta 5y ago
It's a huge problem for the USA. We have more lawyers than any other country on a per capita basis and we don't have "loser pays". To begin to estimate the cost premium that it puts on companies in the USA you look at how big the legal industry is in America and then you have to add "the chilling effect" that the probability of unjust "justice" is exacted on corporations with misaligned incentives for lottery-level payouts ( resolved with loser pays)