Feb
09
Average company juggles 37 lawsuits
ByI 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.
Related Posts -
Protecting Your Credit in Economic Decline The "credit crisis" has become ubiquitous. It is being blamed for everything from home foreclosures to a plummeting stock market. Many individuals and most businesses are feeling the pinch from the credit markets today. Which is precisely why it is so important to carefully manage and protect your personal and...... -
11 questions that can help you choose the best business entity for you Small business veterans may differ on politics, taxes, management styles and even on business models. But one thing they generally agree on is this: the business world is a dangerous place. In business, there is potential trouble literally everywhere - contracts, product liabilities, employee problems, intellectual property mistakes, etc. -......
Related Websites

1 Comments
June 13th, 2009 at 6:30 pm
I really like your post. Does it copyright protected?