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Financial directions - Dispute resolution should suit companies.
(From Financial Director)
Large UK companies are ill-equipped to deal with the litigation cases brought against them, according to the Dispute Resolution Survey, a study conducted by TNS Professional Services on behalf of law firm DLA. The study examined the views of senior in-house legal teams and board-level decision-makers in FTSE-500 companies. It found that 35% of respondents have a formal policy on the handling of disputes, and only 5% have legal staff whose sole responsibility is dispute resolution.
A legal director in a business services company who took part in the survey said that major disputes usually involve contracts. "Good contract management can prevent disputes."
One-fifth of ...
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