One of the key findings of our seventh Litigation Trends Survey is the extent to which UK businesses have faced a marked increase in regulatory scrutiny
One of the key findings of our seventh Litigation Trends Survey is the extent to which UK businesses have faced a marked increase in regulatory scrutiny. One in three UK businesses reported that they faced a regulatory proceeding in the past year, up from 9% in 2009. Twenty per cent of UK respondents cited regulatory matters as one of the three most numerous types of dispute matter pending against them, up from 12% last year and 5% only five years ago.
Of the UK respondents, 31% cited regulatory proceedings as a type of dispute that caused them most concern.
Over a quarter of UK respondents reported employing outside counsel to assist with regulatory investigations over the last year, compared to only 17% in 2009. This increase was noted across all businesses, regardless of size.
In an era of international regulatory co-operation, the survey
