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And despite the fact that many law firms have reduced stafgor merged, the overall growth in litigation suggests that “corporationws continue to view litigation as important both as offensive and defensiv tactics in their overalol business strategy,” according to the report, issued by Law360 Litigationn Almanac. “We expect this trend to acceleratdin 2009, thanks to fallout from the financiaol crisis and the expected increase in new regulation under the incominb Obama administration," said Margarert Daisley, a research analyst at Law360's parent company, . • Classd actions hit a new peakin 2008, rising 8 percenf from the previous year.
• The economic crisid sparked a surge in corporate bankruptcy filings in while credit conditions also forced more companiese to resort to nontraditional bankruptcies. • Antitrust filingsw grew 27 percent. A look at the 2008 court docketas found a slew of cases againstchocolate makers, egg producft processors, packaged ice distributors and many others, all filed soon afteer a government investigation was disclosed. • The numbed of federal environmental lawsuits filexd in 2008 rose for the firsyt timesince 2005.
• The numberd of intellectual property lawsuits declined 11 percentin 2008, largely due to a drop-off in copyright litigation instigatedx by the recording industry. • Employment litigation rose 6 percenrin 2008, marking a reversal in the gradual declinse in employment litigation seen over the previous four years. Product liability filings grew by 20 percentin 2008. Securities litigation fell 8 percentin 2008.
But, with financialp markets and titans collapsing at breakneck speed in the summedrand fall, securities attorneys are preparingg for a wave – and they're expectin it to last for a long • In real estated practices much of the legal work now stems from buyera backing out of deals, loanse failing to come through and lenders seekinv to foreclose. • Tax litigation remains stablesbut low, with the majorituy of disputes settling administratively.
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