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Litigation burden rises

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Gap-fill with legal-related text about the cost of litigation.

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Litigation burden rises

Gap-fill with legal-related text about the cost of litigation.

Activa Idioma Teacher
1

average ensure tightly quicker incurred across proceedings exposure According rising faced sources there litigation

to an annual survey by US lawyers Fulbright & Jaworski , nearly 80% of UK
firms surveyed faced some court last year .
Worldwide , litigation costs have risen by 25% . US and UK firms average litigation costs of $12 m and $1 m respectively .
Construction firms face the highest costs worldwide of any industry , with expenses of $39m . Insurers have paid out $36m on average , while manufacturers have costs of more than $14m .
Although the cost of litigation is not as high in the UK as the Atlantic , the number of legal actions and their expense is fast .
" Despite the general consensus that the UK is not thought to be as regulated as the US , UK businesses are experiencing more to regulatory matters " ; said Lisa Cannon , Head of European Disputes at Fulbright & Jaworski . 'All companies must they are prepared to address current regulatory issues and anticipate future regulatory changes' .
The most common of litigation are employment and contract disputes . While arbitration is considered a way of resolving disputes than litigation , most firms believe is little difference in terms of cost .