Companies’ Regulatory Matters Increase Fourfold: Costs, risk, data security top list of concerns for U.S. and European companies

Saturday, November 28, 2015 - 13:34

In its annual Litigation and Corporate Compliance Survey, AlixPartners LLP polled general counsel and compliance officers at U.S. and European companies with annual revenue of $250 million or more. Respondents represent a broad array of industries, including financial services, information technology, energy, retail, telecommunications, consumer products, automotive, healthcare, life sciences, aerospace, construction, chemicals, agriculture and retail. Here are some key findings:

“Bet-the-Company” Cases on the Rise 

Eleven percent of survey respondents said their companies were involved in a “bet the company” matter, compared with 8 percent in AlixPartners’ 2014 survey.

Regulatory Matters Soar

Twenty-two percent of the companies responding said they were involved in regulatory matters, compared with just 6 percent in 2014.

Costs Are Still Top of Mind

The majority of corporate counsel cited the following issues as important:

  • Controlling costs – 73 percent
  • Data security – 66 percent
  • Proactive risk management – 66 percent
  • Early case assessment – 57 percent
  • Global compliance issues – 55 percent
  • Information governance – 50 percent

Cross-Border Disputes Trending Upward

This year 24 percent of respondents said that their companies’ legal disputes involved overseas business partners, compared with 22 percent in 2014.

Big Upswing in Contract/Regulatory Litigation

Survey respondents reported the greatest increase in contract and regulatory disputes over the last 12 months.


 

AlixPartners’ Annual Litigation and Corporate Compliance Survey

For a copy of the complete report, please contact results@alixpartners.com.