Class action spending increased for a fourth consecutive year, to $2.46 billion in 2018, accounting for 11.1% of all litigation spending in the United States, according to the 2019 Carlton Fields Class Action Survey. While the number of companies that reported facing class actions in 2018 dropped slightly to 54%, the average number of matters per company increased from 6.3 in 2017 to 7.8 in 2018. Corporate spending on class actions increased nearly 10% in 2018. Spending and matters are expected to increase again in 2019, driven by anticipated increases in both matters and exposure.
About Carlton Fields
- Class Action Survey: True or False? The Amount of Time In-House Attorneys Spent Managing Class Actions Has Increased.
- Class Action Survey: What Percentage of Class Action Lawsuits Are Settled? When do Most Settlements Occur?
- Class Action Survey: What do Corporate Counsel Predict as the “Next Wave” of Class Actions? Data Privacy and Security? TCPA? Antitrust? Wage and Hour?