Source: Yahoo Finance by Maria Ward-Brennan
A report by law Firm Shoosmiths stated that 82 per cent of in-house senior lawyers expect an increase in spending on dispute resolution over the next three years. The firm surveyed 360 general counsel that worked for companies with revenues exceeding £100m.
The report also noted that more than three in four general counsel are expected to increase the headcount of their teams.
This comes on the back of a large proportion (82 per cent) of these respondents have said they anticipated more disputes over the next three years. Companies have becoming increasingly more concerned about environment, supply chain and employment disputes as well as group litigation.
Employment disputes topped the list of potential dispute concerns for business as the report noted this was “unsurprising”. The report stated: “Significant pressure on wages owing to inflation and recessionary threats have given rise to more union activity and strike action in recent times.”
Commenting on the report, Alex Bishop, partner and head of dispute resolution and litigation at Shoosmiths said: “We hope our report will help businesses to prepare for the inevitable disputes that will arise, and to minimise the associated costs, risks and reputational damage.”
Read full article: https://uk.finance.yahoo.com/news/house-lawyers-expecting-surge-legal-150728924.html
