34 Percent of Chief Litigation Officers Report Increasing Shareholder Activism, According to New Consero Survey

October 2013 Corporate Litigation Report
October 25, 2013
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34 Percent of Chief Litigation Officers Report Increasing Shareholder Activism, According to New Consero Survey

BETHESDA, MD – (November 4, 2013) – Over one-third (34%) of Chief Litigation Officers reported an increase in shareholder activism over the last year, according to a new survey by Consero Group, an international leader in creating high-level, invitation-only events for senior executives. The results were reported as part of the 2013 Corporate Litigation Forum Data Survey, compiled by Consero Group in partnership with Applied Discovery.

“The reported rise in shareholder activism over the last year could indicate a troubling trend for Chief Litigation Officers,” said Paul Mandell, Founder & CEO of Consero. “With such a significant increase, Chief Litigation Officers may face a higher volume of control-centered litigation and related disputes in the months ahead.”

In addition, over one-third of survey participants (36%) stated that the volume of employment cases filed against their companies was on the rise.  A smaller but significant percentage (11%) reported an increase in the volume of class actions during the same period.

“These findings highlight additional potential areas of concern, suggesting that in-house Chief Litigation Officers can expect increasing pressure from certain types of litigation in the months ahead,” said Mandell.

Other findings from The 2013 Corporate Litigation Forum Data Survey include:

  • Increasing Staff Size: Over one-third (38%) of survey participants reported an increase in staff size, which was more than three times the number who reported a staffing decrease (11%).
  • Hiring Experienced Staff a Priority: Nearly three-quarters (74%) of survey participants reported requiring new attorneys to bring more than five years of experience to the job.
  • Increasing Efficiency with eDiscovery: Most survey participants (83%) reported that their companies were either more efficient than they were 12 months ago, or equally efficient, when it came to dealing with eDiscovery.

The survey questions were posed to Fortune 1000 Chief Litigation Officers in connection with the 2013 Corporate Litigation Forum hosted by Consero in October 2013. A total of 47 responses were provided.

About Consero

Founded in 2010, Consero Group is an international leader in creating industry-specific events for senior-level executives in industries that include: Legal, Compliance, Shared Services, Customer Experience, Finance, IT, HR, Procurement, among others. With operations in the U.S. and in Europe, Consero is best known for transforming the executive experience through intimate, invitation-only programs in a sophisticated learning environment with high-level content. For more information on Consero, please visit www.consero.com.