Indiana’s (legally) good for business

March 23, 2010
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Here’s a way to lure businesses to our state: We’ve got one of the best legal climates in the country!



A survey released this week by the U.S. Chamber’s Institute for Legal Reform ranks Indiana fourth in the nation for best lawsuit climates. We’ve ranked in the top 10 of the list the past couple of years.



The results are based on interviews with general counsels, senior attorneys, or executives in companies with at least $100 million in revenue. The respondents ranked states for their overall treatment of tort, contract, and class-action liability. They were also asked to rank states for the impartiality and competence of its judges and the fairness of juries.



Here’s how Indiana ranks in a few key areas:



We rank No. 1 in damages, third in treatment of class-action suits and mass consolidation suits, fourth in juries’ fairness, sixth in judges’ impartiality, and ninth in judges’ competence. You can view complete results here.



Joining us at the top of the list are Delaware, North Dakota, Nebraska, and Iowa. The states with the worst legal climates for business include California, Alabama, Mississippi, Louisiana, and West Virginia.



According to the survey, the state’s legal climate affects how and where companies do business. Two-thirds of respondents reported the state’s lawsuit environment is likely to impact important business decisions, such as where to locate or expand.

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