Last May, global law firm Norton Rose Fulbright released its eleventh annual Litigation Trends Survey, which collects and presents the experiences and opinions of corporate counsel regarding various aspects of litigation and dispute-related matters. For the survey, an independent research firm surveyed a total of 803 participants from companies headquartered in 26 countries worldwide. The results are a wide-ranging view of top attorneys’ predictions and concerns surrounding litigation trends.
The survey reflects genuine and substantiated anxieties facing corporate counsel across the country. The most important trends in litigation that are impacting American respondents are class actions and employment-related claims. The respondents were also worried about an uptick in regulatory oversight and scrutiny, as well as the more general trend toward an increasingly litigious environment. Not surprisingly, many U.S. companies have increased their litigation budgets to combat this troublesome trend.
Raising legal budgets is not necessarily the most effective strategy; it is also imperative that corporations maintain strong compliance controls to avoid costly, distracting, and time-consuming disputes in the first place. Contract Cloud provides exactly that. Utilizing our patent-pending video technology, Contract Cloud ensures that your company securely retains unambiguous video evidence of a party’s receipt of and consent to compliance verification documents or the terms of a given agreement, such as general business contracts, employee onboarding agreements, employment offer letters, and much, much more.
Contract Cloud’s video contracting service is the first of its kind, and we’re already helping many companies protect themselves against lawsuits and increased regulatory oversight. Our platform provides the most reliable and secure way of evidencing user identity, capacity, understanding, and intent and should be an essential part of any corporate counsel’s risk management strategy. To learn more about how Contract Cloud can shield your company from an increasingly litigious world, visit Contract Cloud to speak to a representative today!Back