Litigation Support

Bad Economy Ignites Litigation

By Blake Boyd

From the Charollette Business Journal: Economic downturn expected to fuel litigation :

The current economic slump is expected to increase the number of lawsuits companies face, according to a survey by law firm Fulbright & Jaworski.

Of the U.S.-based companies participating in this year?s survey, 34 percent expect to see what the study calls a ?run-up? in litigation involving their firms during the next 12 months.

By comparison, 22 percent of respondents to the 2007 survey expected to see an increase in litigation.

?This year?s survey appears to mark an inflection point for American business ? between the end of a prolonged period of prosperity and the start of a period of economic challenge that is likely to fuel litigation over who is to blame and who should pay for the consequences,? says Stephen Dillard, chairman of Fulbright?s global litigation practice.

I follow litigation trends across multiple firm sizes, types of litigation and keep a close eye on whether or not cases are being settled more often or taken to trial; I can really attest to this article. Litigation Dynamics has been seeing a rise in litigation the past 6-12 months as the times are getting harder and harder, litigation seems to be going up and up.

Full post as published by The Trial Technologist's View on October 22, 2008 (boomark / email).