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03 May 2013 / Antony Corsi , Lista M Cannon
Issue: 7558 / Categories: Features , Profession
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Followers of fashion

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Lista M Cannon & Antony Corsi report on the latest litigation & regulatory statistics

UK businesses and their US-based counterparts continue to face increasing numbers of investigations in the face of increased scrutiny and enforcement by government regulators, according to the Fulbright & Jaworski LLP’s 9th annual Litigation Trends Survey of UK and US based respondents.

Almost half of the 100 UK-based general counsel surveyed reported an increase in regulatory enquiries and investigations brought against their company, up from just over one quarter in 2011. Respondents do not see this trend reversing soon: over one quarter of UK and US respondents expect the number of regulatory proceedings their company faces to increase in the next 12 months or stay the same.

The financial crisis, in particular, has meant that businesses are now confronted by a complex and widening landscape of increased regulatory activity which shows no sign of abating. Over half (52%) of the larger companies surveyed (those with revenues in excess of US$1bn) reported an increase in regulatory inquiries

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MOVERS & SHAKERS

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Robert Tiffen joins Ellisons as Partner in growing Norwich office

NEWS
The Law Society RFC Festival of Sport returns next month, bringing together legal and financial services professionals for one of the sector’s largest annual sporting events
Legal aid deserts leave almost one in four without adequate access to justice
The Solicitors Regulation Authority (SRA) has warned solicitors and law firms that using artificial intelligence does not alter their professional obligations, amid concerns over inaccurate legal material and client confidentiality
From forgotten interest claims to case-management appeals, a string of procedural developments offers useful—and occasionally cautionary—lessons for practitioners

Jonathan Fisher KC highlights that it now accounts for around 40% of criminal offences, with roughly 70% involving technology, and argues that the UK cannot simply prosecute its way out of the problem. Detection, investigation and prosecution all require improvement, while different fraud types demand tailored responses.

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