Today’s corporate counsel do battle with multiple risks on numerous fronts. Whether it’s facing off against cybercriminals or government regulators, defending the enterprise involves time, energy and money. A new survey from Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd., an independent tax, audit and advisory firm, shows that in-house counsel looking to handle growing corporate challenges are facing serious budget shortfalls.
Grant Thornton’s “2014 Corporate...
For in-house counsel, litigation is not just about winning a case, but rather about managing risk and expenses associated with litigation. Forward-looking corporate legal departments are constantly exploring various discovery management methodologies to help prepare for litigation in a cost effective manner. In this second part of a two-part article, we look at two more options.
A survey of in-house counsel reported that 92 percent of respondents anticipate either the same amount of litigation or an increase in litigation this year. The ninth annual “Litigation Trends Survey,” commissioned by Fulbright & Jaworski, found that 31 percent of respondents reported that their company was facing at least one lawsuit with more than $20 million at issue.
For in-house counsel, litigation is not just about winning a case, rather it's about managing risk and expenses associated...
Corporate counsel expect to see a surge in litigation in 2014, but the implementation of more aggressive cost containment measures means they will not be spending more money on legal fees, according to “Litigation Outlook 2014” from The BTI consulting Group.
One exception is in IP litigation, which is poised for the highest growth of any corporate litigation segment and remains one of the fastest-growing practices in the legal market, the study found.
Overall, 60.7 percent of in-house...
Disputing would like to bring to your attention a useful article written by Houston-based International Arbitrator and Distinguished Neutral Gary McGowan entitled, 12 Ways to Achieve Efficiency and Speed in Arbitration, Corporate Counsel (April 12, 2013). In the article, Gary addresses the increasing concern that arbitration has become too lengthy and costly by offering 12 valuable suggestions for corporate counsel to utilize in order to rein in the process. Those suggestions include engaging...
BTI Consulting Group’s research sees projected 2013 growth of only 1.8% in outside counsel spending.
Corporate legal departments shifted $5.8 billion from their outside counsel budget to internal spending. BTI Consulting Group's newest release of BTI Benchmarking Corporate Counsel Management Strategies reveals corporate counsel at the world’s largest companies continue to move dollars in house—and away from outside counsel. The shift drives a paltry projected 2013 growth of 1.8% in outside...
D. Casey Flaherty, corporate counsel at Kia Motors America, really does have good intentions as he humiliates Big Law firms about their dismal technology skills — and he is careful never to embarrass a partner.
Flaherty mesmerized a standing-room-only crowd on the opening day of LegalTech West Coast at the Westin Bonaventure in Los Angeles with his electric keynote, "Raising the Bar on Technological Competence — the Outside Counsel Tech Audit."
Frustrated by ridiculous bills for routine...
A new article is out with more detail about how opinions among counsel for Fortune 1000 companies have changed over the last 15 years with respect to arbitration and mediation. (I posted initial info here last spring.)
By comparing results of a 1997 survey of Fortune 1,000 corporate counsel with results of a 2011 survey of Fortune 1,000 corporate counsel, Professors Thomas Stipanowich and J. Ryan Lamare conclude that ”[b]inding arbitration … reached its tipping point: while some...