In its annual Litigation and Corporate Compliance Survey, AlixPartners LLP polled general counsel and compliance officers at U.S. and European companies with annual revenue of $250 million or more. Respondents represent a broad array of industries, including financial services, information technology, energy, retail, telecommunications, consumer products, automotive, healthcare, life sciences, aerospace, construction, chemicals, agriculture and retail. Here are some key findings:
“Bet-the-Company” Cases on the Rise
Eleven percent of survey respondents said their companies were involved in a “bet the company” matter, compared with 8 percent in AlixPartners’ 2014 survey.
Regulatory Matters Soar
Twenty-two percent of the companies responding said they were involved in regulatory matters, compared with just 6 percent in 2014.
Costs Are Still Top of Mind
The majority of corporate counsel cited the following issues as important:
- Controlling costs – 73 percent
- Data security – 66 percent
- Proactive risk management – 66 percent
- Early case assessment – 57 percent
- Global compliance issues – 55 percent
- Information governance – 50 percent
Cross-Border Disputes Trending Upward
This year 24 percent of respondents said that their companies’ legal disputes involved overseas business partners, compared with 22 percent in 2014.
Big Upswing in Contract/Regulatory Litigation
Survey respondents reported the greatest increase in contract and regulatory disputes over the last 12 months.
AlixPartners’ Annual Litigation and Corporate Compliance Survey
For a copy of the complete report, please contact email@example.com.
Published November 28, 2015.