4 Ways To Fix Our Broken Legal System
August 22, 2011 1:46 PM Subscribe
Phillip Howard argues here that rather than protecting our freedoms, the U.S. legal system has actually begun to restrict our liberties and paralyze society.
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Life as a working professional has increasingly become what Howard describes as "a legal minefield". In this talk from the TED 2010 conference, Howard suggests 4 ways of helping to fix what he deems "a broken legal system."
Another indication about how things have gotten out of balance is shown by the "Profit Per Partner" (PPP) earned by America's Top 100 Law firms - where Profit per partner climbed 8.4% in 2011, in spite of a general recession. Those Top 100 Law firms averaged $1.37 million per firm. And, "Topping the Am Law 100 in PPP and revenue per lawyer was Wachtell, Lipton, Rosen & Katz, the firm known for mergers and acquisitions, which had PPP of $4.35 million, across 84 equity partners, and revenue per lawyer of $2.29 million. Moreover, its 63 percent profit margin led the industry."
By comparison, Apple Computer's profit per employee was $419,000 over the last 12 months
In addition: Economists and others claiming that Patent and Copyright Law is Crippling Innovation