Quoth the article:
«A common fear about loser-pays is that the side who loses a routine dispute will get handed a bill for 10,000 hours from Cravath, Swaine & Moore. But European courts are well aware of the danger that successful litigants will overinvest in their cases and gold-plate their fee requests. They carefully control the process to prevent that danger, giving the losing side a full chance to dispute a fee award, requiring that work be reasonable and necessary, providing that elite lawyer rates not be paid if a Main Street lawyer could have done the job, and so forth.»
Meaning they heavily regulate what can be charged. Why is Reason so enthusiastic about regulating attorneys but screams bloody murder if the government tries to regulate doctors or the energy industry?