Norton Rose Fulbright’s 2016 Litigation Trends Annual Survey Results

A newly released litigation trends survey indicates an upward trend in virtually all of the metrics relating to litigation and the broader disputes area.

Global law firm Norton Rose Fulbright released its 2016 Litigation Trends Annual Survey, which polled more than 600 corporate counsel representing companies across 24 countries on disputes-related issues and concerns.

“We see the trend of businesses becoming more proactive in how they assess and control litigation exposure. As a result, this year’s survey introduces a litigation minimization framework as well as expenditure benchmarking tools. We have launched these as a way to assist in-house counsel with litigation management,” said Gerry Pecht, Norton Rose Fulbright’s global head of Dispute Resolution and Litigation.

The survey report’s litigation minimization framework comes as a result of reviewing and collating successful measures taken by companies facing disputes. This practical tool is adaptable to suit a company’s specific situation, allowing in-house counsel to review their current approach and implement measures to reduce litigation risk and costs.

In addition, a detailed analysis of litigation expenditure data collected in this survey, not surprisingly, reveals a correlation between a company’s revenue and its litigation spending. The median average proportion of litigation spending stands at one tenth of one percent (0.1%) of total revenue. This year’s survey report includes a table which gives in-house counsel the opportunity to benchmark its own litigation spend against a closer peer group, broken down by annual revenue, region and industry sector.

An expansive report detailing Norton Rose Fulbright’s 2016 Litigation Trends Annual Survey can be found at Highlights of the report include:

The 12th edition of Norton Rose Fulbright’s Litigation Trends Annual Survey was conducted by Acritas, a global legal services market business research firm. Introduced in 2004, this is the largest survey of corporate counsel on litigation issues and trends, with 606 respondents across numerous jurisdictions (including the United States, United Kingdom and Europe, Australia, Canada and Asia) from a wide range of industry sectors.

Source: Norton Rose Fulbright