2011Trends Survey: Less Litigation but More Regulation

fulbright jaworski, litigation trends, law firm marketing, legal marketingBusinesses in the United States initiated and faced slightly less litigation in 2011 than in 2010. But regulatory actions and internal investigations are climbing, according to the 2011 Fulbright Litigation Trends Survey

As the financial crisis began to reach its fever pitch in 2008, litigation spending climbed with it: in-house lawyers reported a median spend the following year that reached $1.6 million at U.S. companies. In 2010, spending fell to a median of $1 million in the U.S. However, spending has risen this year, with U.S. companies reporting a median spend of $1.4 million.

E-discovery tops the budget list, with nearly one-fifth of all respondents—and one-quarter of large-caps—expecting budget increases in that area. While respondents, as they have in years past, are planning for budget increases in labor and employment, contracts, and regulatory litigation, a new area of budget increases surfaced in this year's report: intellectual property, specifically patents. While 16% of U.S. respondents are increasing intellectual property budgets, the retail and technology sectors are particularly prone to do so—38% of retail and 30% of tech respondents expect to budget more for intellectual property in the year ahead.

Corporate counsel want to keep costs low, but they also want to keep them predictable. Last year, the percentage of respondents who reported using alternative fee arrangements for at least some of their work reached a majority—51%. This year, the number jumped again, to 62%. The trend is expected to continue: 44% of respondents this year predict a rise in alternative fee arrangements during the next 12 months compared to 37% of respondents last year who predicted an increase.

Looking ahead, 91% of all respondents expect the number of internal investigations involving their companies to increase or stay the same, while 90% of those surveyed expect the number of regulatory proceedings their companies face will increase or remain the same.  

For more than one-quarter of all respondents, regulatory concerns are high on the radar when it comes to legal disputes. That is especially the case for large-caps, one-third of which cite them as a main concern versus only one-fifth of small-caps. 

Whistleblowers remain a concern going into 2012, with one-quarter of respondents anticipating an increase in the number of claims or lawsuits brought by whistleblowers within their industries in the coming year. 

More respondents this year answered "yes" when asked whether their organizations have been more likely to be the subject of a whistleblower allegation in the past three years. Overall, 22% of respondents compared to 19% last year said their organizations were subjected to a whistleblower allegation.

You can download a copy of the report here. The survey is based on responses from 405 in-house counsel in the US and UK.

Credit Crisis Litigation -- The Hottest Practice area

Kevin Lacroix, hot law practice, law firm marketing, marketing directoWEBINAR PRESENTED BY: Apollo Business Development 
SPEAKER: Kevin M. LaCroix, Esq. 
DATE: March 12, 2009; 1PM - 2:15 PM Eastern
LOCATION: on the web, on your computer
CONTACT: Laura Kresich, Program Director; (Tel) (773) 966-9273 or  www.PBDI.org
Save $50 by registering on or before February 27, 2009.  

The subprime loan crisis created a giant wave of commercial litigation that will surpass the number of cases that grew out of the Savings and Loan crisis of the 1980s. Since we last presented this program in September 2008, the economy has worsened significantly, creating multiple new opportunities for legal work.

Lawyers who want a large and profitable caseload of litigation that will last for years will get smart about credit crisis litigation now. This webinar is designed to do exactly that: identify the causes of action, the plaintiffs and the defendants -- and show you the business development techniques to amass clients in this historic surge of litigation.

Lawyer Kevin M. LaCroix has been lecturing and writing a blog about credit crisis litigation since it began. Mr. LaCroix has been involved in directors’ and officers’ liability insurance issues for over 25 years. He began his career as a coverage attorney and partner at the Washington, D.C law firm of Ross, Dixon and Bell.

"I’ve gotten a lot of calls, especially in the last six weeks from lawyers who are not active in the sector and want to become active, but they don’t know how to get into it – how to get up to speed and how to attract clients, what areas to focus on," LaCroix says. "There’s more litigation and it’s evolved."



Save $50 by registering on or before February 27, 2009.
Contact Laura Kresich: (773) 966-9273

or email Lkresich@LawMarketing.com
Registration fee: $300
Sign up online at http://www.pbdi.org/pages/cceventform.asp?EventID=216 

For general information, please visit www.PBDI.org