The economy may be in a downturn and the unemployment rates may still be higher than anyone wants them to be, but that combination means good business for corporate litigators, it seems.
The sixth annual Litigation Trends report from the international law firm of Fulbright & Jaworski reveals that "new litigation has begun" against 83 percent of the companies in the UK and the U.S. that responded to the survey. Nearly 40 percent of those say the down economy is the primary reason for said lawsuits, according to bizjournals.com.
The lawsuits are expected to address such issues as bankruptcy, contract disputes and labor and employment law, the report revealed. Intellectual property disputes, insurance actions and regulatory probes, like the ones Microsoft, Intel and IBM currently face, are also expected to increase, but not as significantly.