Each year the Chamber of Commerce surveys corporate general counsel and "senior litigators" to "to explore how reasonable and balanced the tort liability system is perceived to be by U.S. business. "
The bottom line from the executive summary: "There has been an improvement in how the senior attorneys surveyed view the state court liability system, with a net increase of 25 percentage points between 2003 and 2007 in those indicating the system is excellent or pretty good. Further, a majority (57%) report that the litigation environment in a state is likely to impact important business decisions at their company, such as where to locate or do business."
And how did Tennessee rank? Number 7, enough to earn it a "Best" ranking.
Am I the only one to notice the similarity between our ranking in this study and the number which appears on every bottle of Jack Daniel’s?
Well, it is comforting to know that we enjoy a top ranking after being near the bottom of the barrel on so many other lists.
The good news is that this report will end all lobbying on tort reform in Tennessee. Indeed, consumers and the trial bar can use it to actually bring about some modest reforms.