Industry News

U.S. real estate companies low in lawsuits

Real estate companies spend about $389,000 each year in litigation

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The average U.S. real estate company faces an average of 10 separate lawsuits pending in U.S. courts each year -- one of the lowest among industries covered in an annual survey. The U.S. Litigation Trends survey, conducted for Fulbright & Jaworski LLP, a large corporate law firm, also found that the typical real estate company spent an average of $389,000 on litigation in the past year. The law firm asked 422 corporate lawyers worldwide about their top litigation worries and attitudes. The survey identifies prevalent types of lawsuits that businesses face and the types of legal burdens impacting law firms' budgets. Basic real estate issues were identified as one of the top three concerns for 75 percent of real estate company general counsel. Next on the list were contract disputes, identified by 50 percent of these industry respondents as among the top three concerns, followed by insurance matters at 38 percent. And 25 percent of respondents identified each of the following categ...