I understand what you are saying here FRiend, but my reservation is that the average poor shmuck would never be able to initiate a legitimate suit for fear of not being able to bear the costs if he/she lost. Same thing for the "contingency fee" that lawyers will extend to personal injury clients.
I worked for some personal injury attorneys and I will grant you that most of the suits were BS, but there were others where the insurance company was going to mess over some seriously injured victims.
I wholeheartedly agree that something must be done to reform this insane system, but hope that it would not exclude those who cannot afford "the best justice money can buy."
I would like to see a law passed that mandates ALL lawyers, on passing their bar exams, are required to add a certain number of "Pro Bono" cases to their workload. And I mean exactly "Pro Bono Publico".No fees, no expenses...nothing.
Add that to the loser pays law and you will soon see the frivolous suits disappear. Also it might stop laws being made in the courtrooms of America.