Ever-larger product failures, increasing regulatory actions, and a more aggressive plaintiffs bar are the main contributors to the skyrocketing magnitude of potential exposure. Paradoxically, the number of companies with ongoing Class Action cases dropped to 53.8% in 2016, down from 60.6% in 2015. This means that each individual case is bringing more spending and risk.
We congratulate the following firms named by corporate counsel and legal decision makers for their Class Actions prowess in the just-released BTI Litigation Outlook 2017.
Powerhouse Law Firms:
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Cravath, Swaine & Moore
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Dentons
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Jones Day
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Sidley Austin
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Skadden
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Wachtell, Lipton, Rosen & Katz
Standout Law Firms:
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Baker & McKenzie
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BakerHostetler
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Cleary Gottlieb Steen & Hamilton
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Cooley
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Davis Polk & Wardwell
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Dechert
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Gibson, Dunn & Crutcher
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K&L Gates
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Latham & Watkins
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McDermott Will & Emery
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Morgan Lewis
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Ogletree, Deakins, Nash, Smoak & Stewart
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Simpson Thacher & Bartlett
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Sullivan & Cromwell
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Sutherland