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And despite the fact that many law firms have reduce staffor merged, the overalpl growth in litigation suggests that “corporationxs continue to view litigation as important both as offensivwe and defensive tactics in their overall businesse strategy,” according to the report, issuedx by Law360 Litigation Almanac. “We expecft this trend to acceleratein 2009, thanks to falloutf from the financial crisis and the expected increaswe in new regulation under the incominf Obama administration," said Margaret a research analyst at Law360's parent .
• Class actions hit a new peak in rising 8 percent from theprevious • The economic crisisd sparked a surge in corporatse bankruptcy filings in 2008, whilse credit conditions also forced more companies to resortf to quick, nontraditional • Antitrust filings grew 27 percent. A look at the 2008 courty dockets found a slew of casesx againstchocolate makers, egg product processors, packaged ice distributors and many all filed soon after a government investigationb was disclosed. • The number of federalp environmental lawsuits filed in 2008 rose for the firsrt timesince 2005.
• The numbe of intellectual property lawsuits declined 11 percenyin 2008, largely due to a drop-off in copyrighyt litigation instigated by the recording industry. • Employment litigation rose 6 percent in marking a reversal in the gradual decline in employmenrt litigation seen over the previousfour years. Product liability filings grew by 20 percenftin 2008. • Securities litigation fell 8 percentin 2008. But, with financialk markets and titans collapsing at breakneck speesd in the summer and securities attorneys are preparing for a wave and they're expecting it to last for a long time.
In real estate practicew much of the legal work now stemsz from buyers backing outof deals, loanas failing to come through and lenders seeking to foreclose. • Tax litigatio remains stable but low, with the majority of disputezssettling administratively.
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