Worldwide business Interview about the US and UK Legal System Compared in Kathy Ireland show.
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Toby, you and I are both from England can you please describe the differences and the American litigation system versus that of Great Britain. yes in England we deal with high courts just under 4,000 cases a year, in America, we deal with41,000 cases every day.
Forty-one a thousand cases a day. yeah, it's a sickening amount of litigation you have ninety-five percent of the walls lawsuits coming from just five percent of the world's population. the main reason for that is every other democracy on the planet has what's called a loser pays Law.
So if I sue you for something frivolous and you win I have to pay your lawyers fees. in America, they don't have that so there's no disincentive at all for filing frivolous lawsuits.
Often like to think of it as it's kind of like a casino. if there was a casino where you could go and you could gamble all day long and if you lost your only Archer time. you and I wouldn't be here talking would be there to gambling like two generals and that's unfortunately what the courts are like for plaintiff attorneys in America.
Wow oh, it's it's it's incredible. it is we've actually analyzed attorneys that have had literally, have filed dozens and dozens of lawsuits in a given year and pretty much all of them are frivolous they settled one or two and that's how they make their money.
But they are knowingly using the system so it's very different. the points of entry in the UK also generally much higher and the UK's a second most litigious society in the world. and yet the numbers are four thousand a year as opposed to 41,000 a day it's frightening nobody comes close. yeah, this is nice then well you, gentlemen have your work cut out for you yes, we do.
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