In-house legal departments saw the number of regulatory actions increase in U.S. companies for the third year in a row, according to the latest Annual Litigation Trends survey released Tuesday by Norton Rose Fulbright.
The survey received responses from 401 in-house lawyers –primarily general counsel, but also litigation chiefs and deputy or associate GCs. Some 66 percent worked at large companies with over $1 billion in revenues, 19 percent at mid-sized companies with revenues between $100 million to $999 million, and 15 percent at small firms with under $100 million in revenue.
“We continue to see the scope and frequency of regulatory investigation matters increase in the U.S., as government agencies take a more proactive approach in determining compliance,” said a statement by Otway Denny, head of Norton Rose’s U.S. disputes group.
