The founders of the company believe that the US$100b US legal fees market offers interesting opportunities. Comparing the $4b German market with the US one, co-founder Michael Tal said: 'It’s not that American companies are wasting money. The systems have just evolved differently, and the American system has additional components that drive companies to be more risk averse, such as punitive damages, that don’t exist in Germany. US corporations also are willing to spend more money on outside counsel to avoid litigation in the first place.' Source: BusyLamp
Email your news and story ideas to: [email protected]
