Banks count cost of contract litigation
HOUSTON, TEXAS – A survey by Houston-based international law firm Fulbright & Jaworski reveals that contractual cases are the most costly types of litigation for the financial services industry.
The survey also shows that contractual cases represent the most numerous category of litigation for financial services firms, at 33% of the total number of disputes, followed by labour/employment disputes at 25%. On average, financial institutions had a docket of 34 pending cases against them in the last year.
The financial firms are most concerned about contracts because the risk of a contract
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