Friday, August 20, 2010

Taking Your State’s Lawsuit Temperature

Institute for Legal Reform "It may not seem obvious, but a state with a fair and reasonable legal system has a leg up on its neighbors when it comes to encouraging businesses to locate their operations or grow jobs within its borders. Conversely, those states with sickly lawsuit systems can shackle their economic opportunities. "....
"Some states, like Texas – which has moved up 10 spots since the survey began to #36 this year – have enacted comprehensive tort reforms and have seen their Lawsuit Climate rankings gradually improve. These states are on the road to recovery, but just like the long-term health of a patient, constant vigilance is required to prevent reforms from being undercut by those who wish to turn local businesses into cash machines."

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