Publication
International arbitration report
In this edition, we focused on the Shanghai International Economic and Trade Arbitration Commission’s (SHIAC) new arbitration rules, which take effect January 1, 2024.
Litigation preparedness
2024 Annual Litigation Trends Survey
United States | Publication | January 2024
Norton Rose Fulbright’s 2024 Annual Litigation Trends Survey finds that in-house legal teams are likely to grow in the year ahead.
As organizations expect more legal disputes across the board in 2024, more than half (52%) expect to hire internally to meet demand – much higher than the 36% who said the same in our 2023 Annual Litigation Trends Survey report.
In 2023, most in-house disputes teams were small, with the majority having 10 or fewer lawyers, while organizations tended to spread their litigation work among multiple law firms.
In addition, 2023 saw a notable drop in corporate counsel’s confidence in their ability to handle litigation, as organizations confront legal issues ranging from mounting regulatory investigations to heightened dispute exposure in 2024.
Only 29% of respondents say their organizations are very prepared to address litigation in 2024, compared to 43% in last year’s report. The majority (51%) place themselves in the “somewhat prepared” category, compared to 40% last year, reflecting a more tempered outlook for the year ahead.
Download the 2024 Annual Litigation Trends Survey for more details.
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