2005 LitigationTrends Survey, by Fulbright & Jawoski L.L.P. did a survey of 354 corporate counsel and CEOs, 50 from U.K.m, and 304 from the United States, with median gross revenues of $484 million.
They found:
- Companies with $500 million in revenue, on average, are dealing with 37 lawsuits at any one time.
- Companies with $1 billion in revenue, 147 lawsuits
For policies:
- 80% of the companies have Document Retention Policies
- 75% have Litigation Hold Policies
- But they worry that they may fail to keep up with statutory, regulatory, and case law requirements
Threats come from three directions:
- Electronic discovery requests in cases filed against the company
- Electronic discovery request for lawsuits filed by the companies against others
- Regulatory agencies probing company records looking for violations
According the report, the greatest concern of the counsel and CEOs, of companies with over $100 million in revenue, was ED (electronic discovery). For smaller companies were worried most about compliance.
| Failure to comply is likely to involve electronic evidence. |
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