Rising Economy Will Boost Class Actions In 2014, GCs Say
By Ama Sarfo
Law360, New York (September 9, 2013, 1:22 PM EDT) -- After witnessing a three-year drop in class action activity, corporate legal teams in 2014 will have to spend more of their precious litigation budgets defending such lawsuits as the plaintiffs bar becomes emboldened by the slowly rising economy, says a new survey of corporate counsel.
Since 2010, spending on class actions and torts has steadily and incrementally slid from $2.2 billion that year to $2.1 billion in 2012 to $2 billion in 2013. But corporate spending on these complex matters will rise 2.7 percent in the...