AlixPartners’ fourth Annual Litigation and Corporate Compliance Survey polled 300 senior executives – general counsel and compliance officers – at U.S. and European companies with annual revenues of $150 million or more between June and October 2016. The survey reveals that:
- Nearly one in 10 respondents have been involved in a bet-the-company lawsuits
- 92 percent say the number of class action disputes their company has been involved in increased or stayed the same.
- 23 percent say their companies have been involved in a dispute related to data privacy, up from 13 percent in 2013.
- 60 percent of U.S. respondents and 63 percent of European respondents say data security is important in managing risk.
- 44 percent say their companies have been involved in international arbitrations in the past 12 months – compared with 30 percent in 2015.
Inside counsel say they believe technology can reduce risk, and their purchasing decisions focus on reliability and security.
- 96 percent say the implementation of new technologies to mitigate risk has either increased or remained the same.
- 60 percent say data security is important in managing risk; 46 percent say information governance is critical to managing risk.
- 30 percent say they would pay more for certified data centers.
To read more, see:
Published December 8, 2016.