This Article reports the findings of an empirical study of patent suits involving non-practicing entities (NPEs) in the U.K. between 2000 and 2010. Overall, we find that NPEs are responsible for 11% of all patent suits filed in the UK during this period. Though this is a small percentage by US. standards, our study suggests that patent trolling might not be as uniquely American as conventional wisdom suggests. We also find little support for many common explanations for Europe's relative scarcity of NPE activity. For example, we find that NPEs litigating in the UK. overwhelmingly assert high-tech patents—even more so, in fact, than their US. counterparts—despite higher barriers to software patentability in Europe. Our study does, however, tend to support fee-shifting as a key reason for the UK.'s immunity to NPEs. We see evidence that the UK.'s loser-pays legal regime deters NPEs from filing suit, while at the same time encouraging accused infringers to defend claims filed against them. UK. NPE suits are initiated by potential infringers more often than by NPEs; rarely end in settlement; very rarely end in victory for NPEs; and, thus, result in an attorney's fee award to the potential infringer more often than a damages award or settlement payment to the patentee. Together, these findings tend to support patent reform bills pending in the U.S. that would implement a fee-shifting regime for patent suits, and may also serve to lessen concerns that Europe's forthcoming Unified Patent Court will draw NPEs to Europe. [ABSTRACT FROM AUTHOR]