The problem isn’t the lawsuits it’s the cost. Litigating anything is prohibitively expensive. Nobody but the rich and businesses can afford that so what you end up with is some huge percentage of cases being settled out of court without anyone (other than the parties involved) knowing about it.
It’s a big reason why settlement figures and jury damage awards are rising… You have to pay for the lawyers!
…which is interesting because lawyer pay is actually dropping and has been for some time now. The biggest firms are collecting all the money and most of that is flowing to the top. So most lawyers are in the same boat as the rest of us where wages aren’t keeping pace with inflation so they’re getting poorer and poorer every year.
That’s happening despite the fact that litigation costs are rising. Something is severely broken in regards to the economics of our criminal and civil justice system.
The problem isn’t the lawsuits it’s the cost. Litigating anything is prohibitively expensive. Nobody but the rich and businesses can afford that so what you end up with is some huge percentage of cases being settled out of court without anyone (other than the parties involved) knowing about it.
It’s a big reason why settlement figures and jury damage awards are rising… You have to pay for the lawyers!
…which is interesting because lawyer pay is actually dropping and has been for some time now. The biggest firms are collecting all the money and most of that is flowing to the top. So most lawyers are in the same boat as the rest of us where wages aren’t keeping pace with inflation so they’re getting poorer and poorer every year.
That’s happening despite the fact that litigation costs are rising. Something is severely broken in regards to the economics of our criminal and civil justice system.