Feb

Average company juggles 37 lawsuits

I don’t know how I missed this one, but I’m glad I finally ran across it: the international law firm of Fulbright & Jaworski L.L.P. (whose company slogan is “When you think litigation insight, think Fulbright), released their second annual Litigation Trends Survey last October. It is a fascinating, 32-page glimpse at the impact of runaway litigation on the economy. Here are some interesting facts from their findings:

Nearly 90% of U.S. corporations are engaged in some type of litigation, with 20% managing 1 to 3 cases, 25% dealing with 4 to 10 cases, 25% juggling up to 50 cases, and the remaining 20% facing an average caseload of 50 to 100 litigation cases.
The average company juggles a docket of 37 U.S. lawsuits
Almost 40% of U.S. corporate counsel are unable to predetermine the costs of managing business disputes because they cannot quantify their litigation budgets in relation to their overall budgets
Over a quarter of all corporate counsel in companies with revenues over $1 billion did not know their litigation budgets(!)
Electronic discovery was the #1 new litigation-related burded for companies.

Be Sociable, Share!

About the author To change this standard text, you have to enter some information about your self in the Dashboard -> Users -> Your Profile box. Read more from this author

Related Posts

Charitable Giving Statistics Americans give billions of dollars per year to charities. In fact, charitable deductions in 2002 totaled over $136 billion. According to the IRS Statistics of Income Bulletin (winter 2003-04), here are the average breakdown of claimed deductions for charitable contributions on 2002 tax returns: Taxpayers with Adjusted Gross Income between......
The Problem with Series LLCs The new, Series LLC abandons the comforts of asset protection precedent, and introduces a new, completely untried and untested concept into which uninformed promoters and unwary business owners are stumbling. The Series LLC is an exciting new development in business entity law that is currently getting a lot of attention......