See Inside the Little-Known World of Private Judges for Hire: Litigants looking for speed and expertise are paying for judges who bring it by Corinne Ramey of The WSJ.
I used the book The Economics of Macro Issues by Roger Miller & Daniel Benjamin as a supplemental textbook. Chapter 1 is title "Rich Nation, Poor Nation." It mentions that political stability, secure private property rights and legal systems based on the rule of law were important for economic growth.
We usually think of the legal system has something that has to be provided by government. But maybe not always as this article shows. Excerpts:
"Private judging is on the books in about 30 states, according to a Florida task force that has studied the practice. Some require anyone hired as a judge to have served in the public court system. Others require only experience as a lawyer.
In New York, an amendment to court rules last year encouraged the use of private judges in complicated commercial disputes. In Florida, a revised private-judging statute which clarifies that a private judge may oversee a jury trial, could go before lawmakers early next year. And in California and Colorado, private judges are increasingly overseeing family-law matters—and not just for high-net-worth celebrities such as Arnold Schwarzenegger and Elon Musk, who opted to use the process for their divorce proceedings."
"Freed from ties to an actual courthouse, private judges have presided over cases at all hours—and locations."
One judge was getting paid "nearly $1,000 an hour over the course of more than 100 court dates"
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