And you don't see any issues with this? That would seem to be far worse than the English rule/losers-pay.
I pick a random rich target, find 50 street bums, and have them file suits; the bums can't contribute more than a few flea infested dollars, so my target pays for each of the 50 suits brought against him. If he contributes only a little, then both sides' lawyers will be the crappiest & cheapest ones around, and the suit will be a diceroll; so my hobos will win some cases, reaping millions, and giving most of it to me per our agreement. If he contributes a lot, then we'll both be able to afford high-powered lawyers, and the suit will be... a diceroll again. But let's say better lawyers win the case for my target in all 50 cases; now he's impoverished by the thousands of billable hours (although I do get nothing).
I go to my next rich target and say, sure would be a shame if those 50 hobos you ran over the other day were to all sue you...
Surely that only works if the probability of winning a case depends only on the skill of the lawyers, and not on the actual facts of the cases. I imagine a lawyer with no training at all could unravel your plan and make it clear that your hobos had nothing to back up their case.
Also, being English myself, it hadn't dawned on me that the losers-pay rule doesn't apply everywhere. Having no such system at all seems really stupid.
It also occurs to me that hiring expensive lawyers under losers-pay is like trying to fix a futarchy: you don't lose anything if you succeeded, but you stand to lose a lot if you fail.
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