A good corporate litigation management involves the active and effective management of disputes of any kind (commercial, arbitration, civil, administrative, criminal, criminal, labor, etc.).
Effectively managing corporate disputes is crucial, as it involves addressing conflicts that may arise with employees, customers, or suppliers. Strong litigation management practices helpa company mitigate risks, streamline operations, and boost both productivity and profitability
Legal departments of large corporations and organizations, both private or public, are responsible for ensuring that their company's strategic, commercial and image interests are defended at a cost-effective pace. Faced with a judicialization process, intensified by globalization, businesses are now faced with multiple types of litigation, increasing their exposure to social, economic or criminal risks, and affecting their profitability.
According to Mazars study on “Legal risks”, the main causes of litigation for companies are external factors, including:
Respondents place a lack of knowledge of company obligations (contractual, regulatory, environmental, ethical, etc.) in first position among internal factors (30%).
Faced with a sharp increase in cases, the teams in charge of managing and monitoring litigation procedures are more attentive than ever to their impact on the company's financial results. Effective litigation risk prevention is based on a global view of all cases, regardless of their nature, procedure or jurisdiction.
The financial results reflect the litigation management activity and its main indicators, which are: the evolution of risk provisions, claims collected, and damages. Teams are looking for reliable analysis and reporting tools in order to prevent the most expensive risks — including the risk of insolvency — and thereby increase the company's performance in the short and long term.
To make their analytical approach to the cost of litigation risk reliable, legal departments and litigation services adopt a litigation management solution and electronic invoicing for legal services.
