US Has World's Costliest Legal System, Study Says

Law360, New York (May 15, 2013, 12:01 AM EDT) -- The U.S. legal system is the most expensive in the world in proportion to its GDP and costs roughly 150 percent more than the average Eurozone legal system, according to a study released Wednesday by the U.S. Chamber Institute for Legal Reform.

Legal liability costs in the U.S. are also 50 percent more than similar costs in the U.K., according to the study, which was conducted by consulting firm NERA Economic Consulting. The study, which compared liability costs as a percentage of GDP, also showed that...
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