There is no doubt in my mind that we need some litigation reforms in the US. Within the past several years, I've had a civil litigation in the US, one in Germany, and one in China.
Costs:
China: X cost; Y months
Germany: 4X cost; 2Y months
US: 40X cost; 5Y months
So, US litigation is 40 times the cost and 5 times the time of a China litigation...and 10 times the cost and 2.5 times the time of a Germany litigation.
Level of Justice Provided:
China: Total roll of the dice. Of course, the dice only cost $100k, and the can cost less than that. And, justice is swift. Bad but quick and cheap justice can be better for a business than prohibitively costly and delayed justice. At least the business can fish or cut bait.
Germany: Closer to true justice.
US: No closer to true justice than Germany, but an order of magnitude more expensive, and a more lengthy process that requires more resources of the parties (e.g., discovery). In the US, the courts allow the parties to chase down every blind alley in the search for truth, but in the end, I don't think we get any closer to the truth than than the admittedly more arbitrary German courts get. We need to explore the concept of "good enough" in the US.