As companies face mounting litigation and ever-changing regulations, chief litigation officers are playing an increasingly important role in corporate America. Despite the rise in litigation costs and despite growing concerns about regulations and potential risk, however, the size of their legal staffs is stagnant and the size of their legal budgets is shrinking.
These are some of the findings of the “2012 Chief Litigation Officer Data Survey” [PDF], recently released by Consero. The results are based on 48 responses from attendees of the company’s November 2012 invitation-only Corporate Litigation Forum, held in San Antonio, Texas. While the non-scientific sample is small, the collected data provides insight into the state of the litigation environment at U.S. corporations. All of the survey participants are chief litigation officers at Fortune 1000 companies.
