US Chamber ILR releases a first-of-its-kind report quantifying the effect of legal reform on economic performance

Commissioned by the Institute for Legal Reform, the study uses a first of its kind econometric model to estimate the economic savings that could be achieved by individual states through improving their legal climate. The report clearly demonstrates that much can be gained by reforming state tort systems, particularly considering how costly the American legal system is relative to other nations. The full report can be downloaded here.