ILR in the News
May 16, 2013
Law 360 | Subscription Required | May 16, 2013
The U.S. legal system is the most expensive in the world in proportion to its GDP and costs roughly 150 percent more than the average Eurozone legal system, according to a study released Wednesday by the U.S. Chamber Institute for Legal Reform.
May 15, 2013
The Times | Subscription Required | May 15, 2013
The British Government risks importing the worst excesses of the American class actions system if it goes ahead with plans to allow consumers to bring wide-ranging claims against companies, the US Chamber of Commerce has warned.
April 22, 2013
Fox Business News | April 22, 2013
Your credit card bill already comes attached to alluringly blank "convenience checks." Your tax preparer tempts you to apply for tax refund loans. You're bombarded with television commercials for payday loans. Now, a relative newcomer to this list of "fast cash" borrowing enticements is beginning to hit critical mass and it suddenly is attracting a high degree of attention from state legislatures. It is called a "lawsuit loan" or, if you are in that business, "lawsuit funding."
April 12, 2013
Australian Financial Review | Subscription Required | April 12, 2013
A US-based business lobby group is pushing for strict new regulations of the Australian third-party litigation funding industry in an effort to protect local and foreign companies from lawsuits.
April 11, 2013
The Australian | April 11, 2013
One of the leaders of the US business community has warned that Australia's decision to commercialise civil litigation means this country is well on the way to adopting America's worst excesses. Lisa Rickard, executive vice-president of the US Chamber of Commerce, believes the main problem is the federal government's decision not to regulate the financing of class actions by outside companies.
April 8, 2013
Wall Street Journal | Subscription Required | April 8, 2013
A new generation of investors is plunging into "litigation finance," putting up millions of dollars to fund lawsuits in hopes of collecting when verdicts come down. Established financiers are expanding into new areas, including loans to law firms, and finding clients among the biggest American companies.
March 28, 2013
Orange County Register | March 28, 2013
Tort-reform groups again cite state’s litigation climate as anti-business.
March 27, 2013
Rockford Register Star | March 27, 2013
A statewide legal watchdog group came to town Monday to tout the need for lawsuit reforms to improve Illinois’ economic climate.
March 26, 2013
Parkersburg News and Sentinel | March 26, 2013
The U.S. Chamber of Commerce is supporting a new policy by the West Virginia Attorney General on how and when outside counsel would be hired.
WREX News | March 26, 2013
People in Illinois are familiar with the word reform and a state-wide watchdog group is now pushing for legal changes. Members want to follow in a border state's footsteps. Illinois Lawsuit Abuse Watch, or I-LAW, members say Wisconsin's civil justice system has a balance this state should strive for.
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From The Blog
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