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

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.


 

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