The Global Litigation 50 2019 ranks the largest litigation practices in the world by revenue and highlights the key trends within the disputes market for the past year.
This year’s report focuses on data-driven disputes. This is an area that today touches on almost every aspect of business and is only set to significantly expand, which means the world’s top law firms need to respond. Data is now a currency and needs to be protected as such.
Litigation arising out of data abuse and security looks certain to be a growth area and whilst most companies are alive to the threat, many are not adequately prepared to deal with it or are not actively mitigating against the risk. The world is on the cusp of an era where AI will become widespread and in many instances traditional contracts simply won’t work. Plus there are heightened levels of regulatory awareness around technology generally and specific areas such as fintech, crypto-currencies and distributed ledger technology. GDPR and cyber-crime are also areas that will continue to drive litigious activity. In short, a data-driven litigation boom looks to be only around the corner and in many cases is already happening today.
Consequently, this year’s Global Litigation 50 report examines how firms are responding, in which areas they are building capacity and what impact the data-driven litigation trend is having on their disputes practices strategically.
The report includes a detailed overview of the global market as well as deeper dives into key jurisdictions, including London, Paris, New York, Hong Kong and Washington, DC. It examines where there has been headcount growth and which areas and regions firms are targeting for investment, as well as identifying some of the main market trends in each jurisdiction.
The use of technology by firms in the delivery of their services is also a key focus, as the report highlights the tools litigators are using to support their disputes practices.
The Global Litigation 50 also reveals the results of an extensive survey of general counsel, examining their views on the influence of GDPR and concerns over privacy and security on the disputes which their company is involved in, as well as how their external counsel are managing disputes.
The report also includes profiles of a number of this year’s Global Litigation 50 firms, including each firm’s insights into global and regional trends as well as details on how each firm approaches the market along with key cases and clients.