Arkansas’ lawsuit climate has worsened in recent years and now ranks number 41 out of 50 states according to a new national survey released today by the U.S. Chamber Institute for Legal Reform (ILR). That’s a drop of six places since the survey was last conducted in 2012.
According to the 2015 Lawsuit Climate Survey: Ranking the States, 75 percent of company general counsels and senior attorneys say a state’s lawsuit environment is likely to impact important business decisions at their company, including where to locate or expand. That is an 18 percent increase from eight years ago, and an all-time high.
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