In most of the high profile cases that are reported, maybe that is the case.
Problem is, if you are genuinely libelled, like say, Chris Jefferies, the results could be devastating.
It's much easier to lose a reputation, than to build (or rebuild) one, IMO.
I agree. Genuine libel is different to vexatious litigation with someone who has simply disagreed with you or pointed out some home truths.
The papers had no evidence of Jefferies being in any way linked to the crime but still did a hatchet job.
In any event, a shorter process would sort out the weak cases from the strong and save costs in the long run.