US Chamber’s Institute for Legal Reform Releases 2015 Lawsuit Climate Survey: Ranking the States
The US Chamber’s Institute for Legal Reform (ILR) has released its 2015 Lawsuit Climate Survey: Ranking the States. South Carolina improved three spots since the last report in 2012, moving from 39th to 36th. South Carolina still has much room for improvement. The survey news release states that “75 percent of attorneys at U.S. companies say a state’s lawsuit environment is likely to impact important business decisions at their company, including where to locate or expand according to a new survey released today by the U.S. Chamber Institute for Legal Reform (ILR). That is an 18 percent increase from eight years ago, and an all-time high”. The results for the last two surveys were 70% in 2012 and 67% in 2010. This the tenth lawsuit climate survey report, which began in 2002. “More business leaders than ever have identified a state’s lawsuit climate as a significant factor in determining their growth and expansion plans,” said Lisa A. Rickard, president of ILR. “States ought to take notice that a good lawsuit climate is vital to their continued job growth.” Our neighbors, North Carolina (6th, up from 20th in 2012) and Georgia (31st, down from 24th in 2012), are still ranked ahead of South Carolina in the survey of over 1200 general counsels and senior attorneys or leaders in companies with annual revenues of at least $100 million. The survey was conducted by the global polling firm, Harris Poll, between March 9 and June 15, 2015. In addition to the survey, ILR also released “101 Ways to Improve State Legal Systems”, a guide to key legal reforms states can pass to improve their legal climate.