LexisNexis Introduces New, Interactive Rule of Law Awareness Tool

Posted at Legal Practice Intelligence - 26 May 2016


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LexisNexis® Legal & Professional today launches an interactive online tool that shows how the rule of law is measured and why it’s important. This first-of-its-kind data tool, the LexisNexis Rule of Law Impact Tracker, quantifies the relationship between rule of law and social and economic development.

According to the United Nations, approximately 4 billion people live outside of the umbrella protection of the rule of law. There is growing recognition by lawyers, businesspeople, governments, academics, NGOs and citizens that rule of law is a cornerstone for sustainable global development. The Rule of Law Impact Tracker is a unique way for users to see, in numbers, the impact of advancement of the rule of law.

“The rule of law provides the foundation for how we live, the freedoms we have, and the degree of security that we enjoy. International companies also know that strong rule of law is crucial for doing business. Our analysis quantifies the transformational impact which rule of law has on sustainable social and economic development, as well as what’s possible if we work together to affect change,” said Mike Walsh, CEO of LexisNexis Legal & Professional.

LexisNexis’ analysis shows that a country’s rule of law ‘score’ on the World Justice Project’s Rule of Law Index closely correlates to five important indicators of economic and social development: wealth (GDP per capita); child mortality; homicide rates; corruption; and life expectancy. The Rule of Law Impact Tracker enables users to calculate the effects that improvements in the rule of law mean score would have on each of these indicators.

Based upon the statistical correlations among the Rule of Law Index and measures of economic and societal health such as GDP per capita, child mortality, homicide rates, levels of corruption and life expectancy, we estimate that over the next decade, a 10% increase in the rule of law mean score would result in:

• GDP per capita going up by about $7,000 per person
• Child mortality rates declining from 24 to 16 per 1,000
• Crime going down by more than 30%
• Average life expectancy increasing by more than two years

The analysis uses the best available data from the World Bank, Transparency International and the World Justice Project. The World Justice Project’s Rule of Law Index documents countries’ adherence to 44 rule of law indicators in categories including Absence of Corruption, Fundamental Rights, Civil Justice and Criminal Justice. Over 100,000 citizens and experts have been interviewed and 102 countries indexed to date. In 2015, Denmark was the highest ranking country on the Index, scoring 87%. Venezuela ranked lowest, with a score of 32%. The US ranks 19th, scoring 73% and the UK ranks 12th with a score of 78%.

The Rule of Law Impact Tracker is a part of the company’s efforts in support of the Business for the Rule of Law (B4ROL) initiative, which was launched by the United Nations Global Compact last year. The B4ROL Framework offers a guide for businesses around the world in taking proactive, voluntary actions to support the rule of law in their everyday operations and relationships as a complement to respecting the rule of law.

To access the Rule of Law Impact Tracker, visit
 
www.lexisnexis.com/en-us/rule-of-law/measuring-the-rule-of-law.page

To find out more about the Business for Rule of Law Framework visit

https://www.unglobalcompact.org/library/1341
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