AlixPartners’ Annual Litigation and Corporate Compliance Survey: Corporate counsel overwhelmingly embrace technology to reduce risk

Wednesday, December 7, 2016 - 23:03

AlixPartners’ fourth Annual Litigation and Corporate Compliance Survey polled 300 senior executives – general counsel and compliance officers – at U.S. and European companies with annual revenues of $150 million or more between June and October 2016. The survey reveals that:

  • Nearly one in 10 respondents have been involved in a bet-the-company lawsuits
  • 92 percent say the number of class action disputes their company has been involved in increased or stayed the same.
  • 23 percent say their companies have been involved in a dispute related to data privacy, up from 13 percent in 2013.
  • 60 percent of U.S. respondents and 63 percent of European respondents say data security is important in managing risk.
  • 44 percent say their companies have been involved in international arbitrations in the past 12 months – compared with 30 percent in 2015.

Inside counsel say they believe technology can reduce risk, and their purchasing decisions focus on reliability and security.

  • 96 percent say the implementation of new technologies to mitigate risk has either increased or remained the same.
  • 60 percent say data security is important in managing risk; 46 percent say information governance is critical to managing risk.
  • 30 percent say they would pay more for certified data centers.

To read more, see:

AlixPartners Annual Litigation and Corporate Compliance Survey

Harvey Kelly is a Managing Director and Global Head of Financial Advisory Services with AlixPartners LLP.  He can be reached at hkelly@alixpartners.com.