I am afraid both are true.
US has the highest number of lawyers per capita, one lawyer in 60 people.
US lawyers are the most expensive in the world.
There’s no way 1 out of 60 people in this country is a lawyer. Where did you read that?
Some lawyers earn minimum wage. Check want ads in big cities and you’ll see it.
Basing fees on hours performed is anachronistic. Lawyers are in business. They project a reasonable income for themselves and staff. They pay high overhead, usually in plush executive office suites. Equipment rental and maintenance. Phones, supplies, postage. They add it all up and then set an “hourly fee” for various levels of attorneys and paralegals to set rates on.
Doctor don’t use the hourly fee model. You’ve heard the guy say I had my hip replaced for $20,000 and it only took them 2 hours. Obviously there is no time component. It is based on service performed and practitioner’s expertise level.
US has the highest number of lawyers per capita, one lawyer in 60 people.
The US is in the middle of the pack worldwide on professional legal service providers per capita.
Let me know where you get your data.