Over on the Iowa Law Blog I discussed the fact that the number of lawsuits is down this past year for U.S. businesses. The statistics are based upon a study from the international law firm of Fulbright & Jaworski. But you need to read a little deeper to find a more intriguing statistic:
The survey showed that companies based in the Midwest settled more often than those in other parts of the country.
One surprising statistic is that smaller companies were actually less willing to settle their cases than mid-cap or billion dollar firms.
But no surprise that Midwest companies are more willing to settle. My experiences have been that most Midwest lawyers, particularly here in Iowa, will work hard to get cases resolved. Perhaps that is another reason why Iowa is not considered a litigious state.