Lawyers on both sides of the “v” gathered in Seattle this week for the Eleventh Annual Comprehensive Conference on Class Actions. The conference, which attracted attendees interested in keeping up with a rapidly changing class action landscape, heard about new developments in areas such as high frequency trading, data breaches, and privacy. Other trends on food labeling and employment also received top attention. This interest is no surprise. In March, one survey showed that more than a third of General and In-house Counsel managed multiple class action cases with increasingly high exposure. Of the 350 companies surveyed—from among companies with average annual revenue of $18 billion and median annual revenue of $4.6 billion—in-house attorneys managed on average five class action cases on an ongoing basis. Among these class action cases, roughly 16% were considered “bet-the-company” or “high-risk” matters. According to the report, companies spend anywhere from $5 million to $13 million per year to defend them.
S.P. Slaughter
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