The Asset Protection Law Center

A complete reference source on offshore trusts, family limited partnerships,
limited liability companies and advanced asset protection strategies.


Home About Our Firm Services Online Proposals Contact Info Recent Developments Q & A
 Asset Protection Law Library
 Litigation Trend
 The Litigation Explosion
 The Ability to Pay
     Case Example
 Not Enough Good Cases
 The Legal Extortion Racket
 The Appeal of Settling
 The Easy Cases Are Gone
 The New "Deep Pockets"
 Popular Deep Pocket Defendants:
     The Property Owner
     Officers and Directors
     Physicians
     Real Estate Developers
 Dangerous Oral Contracts
     Case Example
     Hypothetical Example
 Negligence
     Direct Negligence
     Imputed Negligence
 Expanded Theories
     Example
 Removing Incentive to Sue You
 Asset Protection Privacy
 Business Protection
 Family Limited Partnership
 Limited Liability Company
 Types of Trusts
 Revocable Living Trust
 Delaware Trust
 The APT or Offshore Trust
 Offshore Havens
 Equity Stripping
 Asset Protection Planning
 Link Directory
Litigation Trend > The Legal Extortion Racket

The Legal Extortion Racket

What are the rest of the lawyers going to do? What about the other 95 percent of trial lawyers who are not so great and not such good lawyers? How is a lawyer who is not at the top going to feed his family? His chances of getting your case against Exxon are about the same as hitting the lottery. Many of my close friends are personal injury attorneys. They think and dream about the one good case that will earn them enough to be on easy street. But the one good case never seems to come. Instead most lawyers make a living by looking for somebody to sue and filing bad cases with bad facts. As long as a lawyer can find a potential defendant with even modest assets, he will attempt to make his case. If he doesn’t have a good case, he has to go with what he has. That’s how he makes a living.

The lawyer is willing to gamble that by filing a case he will be able to squeeze a settlement or play "lawsuit roulette" with the jury. Just like the population in general, from whom they are drawn, jurors can be confused and misled by emotional and irrational arguments. Experiments in human behavior show that most of the time individuals are unable to distinguish the truth from a lie. When asked to distinguish truthful from untruthful testimony based upon the demeanor and expression of the witness, in a majority of cases, the subjects in the experiment incorrectly identified the lie as the truth and the truth as the lie. The conclusion of the study has frightening implications. Jurors are more likely to believe a witness who is lying than one who is telling the truth.

This phenomenon has been understood and exploited for years by political leaders and others with a message to sell. A lie which is repeated forcefully and with conviction becomes accepted as truth. Think of the Nazi propagandists and the McCarthy type demagogues who convinced millions of people of the truth of their cause. Advertising messages repeated often enough are believed, regardless of the merits of the product and despite overwhelming evidence to the contrary. That’s the foundation of the multibillion dollar advertising industry and is the basis on which political leaders present their programs.

In the same manner, a lawyer attempts to "sell" his case to the jury. Facts are distorted. Lies, half truths, and perjured testimony are zealously advanced on behalf of the "injured" plaintiff. If things go right and the lawyer gets lucky or knows what he is doing, the jury will reward these efforts with a judgment for several hundred thousand or maybe a few million dollars. Every day in court a sympathetic plaintiff prevails against a wealthy or comparatively wealthy defendant— even in those cases which appear to be absurd, illogical, and utterly without merit.

Any lawyer who is still in business after a few years of practice has learned that the unpredictability of human behavior can be used to his advantage. The uncertainty of the outcome creates a potential risk of loss for even the most "innocent" defendant. Lawyers know that for most people the risk of financial loss also creates a highly uncomfortable level of emotional strain. If you have ever been sued—no matter what the cause—you understand that the unpredictability of the result and the possibility of economic loss can generate a severe degree of stress and emotional charge.


< back | next >
Complimentary Book

By Robert J. Mintz (256 pages. Copyright 2003). The most powerful and creative asset protection strategies - with up-to-date legal developments - the latest planning techniques, case law, articles, illustrations and examples. Essential reading for every professional, business owner and potential deep-pocket lawsuit defendant. A $14.95 value on Amazon.

Testimonials, Read What Others Are Saying About the Book.

Read it Online

or

Order Now

at no charge

New! Legal Guide for
2004
”Legal Guide to Asset Protection Planning” by Robert J. Mintz. A clear and concise guide for choosing and developing the correct plan.

Read it Online
Additional Topics

Other Books Available By Robert J. Mintz

New! Interview With Robert J. Mintz

Business Week Article

New Comments on the Anderson Case

Home | About Our Firm | Services | Online Proposals | Contact Information | Recent Developments | Q & A | Send E-mail

Disclaimer:

The information provided on this site is provided for illustration purposes only and does not represent a proposal or specific recommendation. As a word of caution, the information presented cannot possibly substitute for competent legal advice. Our treatment of the law is general and is not intended as a comprehensive discussion of all relevant issues. The law in each state will vary to some extent, and the applicability of the law will depend upon your individual circumstances. If you have a particular question about the information presented, you can telephone us at (800) 223-4291 and we will try our best to help you.

Copyright 1996 - 2003, Robert J. Mintz, All Rights Reserved.

No part of this site or its content may be reproduced in any form or by electronic or mechanical means, including information storage and retrieval systems, without permission in writing from the copyright holder.