Why should business owners consider our business legal plan? It is really simple people and companies are more litigious in tough economic times. Don't believe me? Below is an excerpt of an article written by Renee McGaw and it was published in Portfolio October 27 2009
Businesses are facing—and filing—more lawsuits these days, a situation that may intensify over the next year.
“People fight harder for their position when the economy’s down,” said Bob Miller, a partner at Perkins Coie LLP in Denver, who specializes in complex commercial litigation.
Nationwide, 42 percent of corporate counsels say they expect their companies to face increased litigation over the next 12 months, compared with 34 percent who expressed that opinion in the previous year, according to a survey released this month by Houston-based law firm Fulbright & Jaworski.
Eighty-three percent of the lawyers surveyed said new litigation had been filed against their companies in the past year, up from 79 percent the previous year. Most of the increase is coming in bankruptcy, contracts, and labor and employment areas, according to the survey; more modest increases were cited in intellectual property, insurance, and regulatory actions.
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