New research reveals over a quarter of multinational corporations are anticipating an upsurge in business disputes and litigation over the coming year.
Transatlantic law firm Norton Rose Fulbright surveyed general counsel of 600 large corporations, finding that 24% anticipated litigation to increase. Only 13% expected a drop.
A perceived increase in global regulation and “interventionist” policies inform the reasoning behind many of the predictions.
Around 40% of general counsel viewed contractual disputes as the chief cause of litigation - as well as the most troublesome.
Employment disputes took second place, particularly with regard to long-term, ongoing litigation.
These were closely followed by regulatory investigations, personal injury and intellectual property disputes, product liability claims, general class actions and insurance.
The survey found that general counsel are increasingly finding alternatives to hourly billing when dealing with private practice law firms, with 60% maintaining alternative fee arrangements.