Industry News

Real estate’s no stranger to legal action

Finance companies among the most litigious, survey finds

A survey conducted for the Fulbright & Jaworski LLP law firm found that real estate companies ranked fifth for the greatest number of pending litigation matters, tied with insurance providers. About 26 percent of real estate and finance company respondents reported spending less than 20 percent of their legal budgets on litigation. Across all business sectors, U.S. companies carried a docket of 37 lawsuits, on average, according to the survey. U.S. companies with revenues under $100 million had an average 15 lawsuits pending, mid-market companies had 30 cases, and companies with $1 billion or more in revenues had 147 cases to litigate, according to the survey results. There were 354 respondents to the survey, representing companies in 45 states. Respondents in manufacturing, finance/banking, energy, health care, retail/wholesale, technology/communications, engineering/construction, insurance, real estate, trade associations/nonprofit and education made up 87 percent of the samp...