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October 27, 2016

Romney at ILR Summit: Legal System Needs to Encourage Innovation

During ILR’s 17th annual Legal Reform Summit, Former Republican presidential nominee Mitt Romney delivered the keynote remarks and addressed many issues facing our country, including the need to encourage innovation in our legal, regulatory, and tax systems.

“I was in Denmark a couple years ago… and I sat next to a gentleman who told me that he owned six or eight different companies,” said Romney. “He was telling me how bad the taxes were in Denmark. I said, why don’t you move to the United States and bring business there? He said he would never go the U.S. because of the litigation environment in the U.S. These are wake-up call concerns. And we don’t seem to be able to deal with them.”

The 2016 Legal Reform Summit also explored the various components and parts that fuel the American “litigation machine,” and how these elements, such as third party litigation funding, data privacy liability, class action litigation, trial lawyer advertising, and government over-enforcement, impact American businesses and consumers.

Highlights from the event, include the just released research paper Big Bucks and Local Lawyers: The Increasing Use of Contingency Fee Lawyers by Local Governments, new data privacy research, recent trends in television and online litigation claim solicitations, and the event award recipients, which can all be found on ILR’s website

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