The New York Times today published an op-ed (“Lawyers’ Business Model”) describing how the plaintiff attorney business model is under attack and how many plaintiff attorneys gin up mass tort cases at the expense of their clients. Below is an excerpt:
Yes, there are certainly times when the court system provides the appropriate forum to address corporate wrongdoing. But just as often — more often, in my view — plaintiffs’ lawyers gin up cases because, well, that’s what they do. Like the corporations they sue, big-time plaintiffs’ lawyers have a business model. Theirs requires them to constantly seek out cases that can be blown up into giant mass torts, as they’re called, which can then be used to extract billions from companies.