find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Reports show class actions are not rising

Reports show class actions are not rising

Separate reports into the Australian, British and American legal systems indicate that the numbers of class actions are either holding steady or falling.The American-based law firm Fulbright…

Separate reports into the Australian, British and American legal systems indicate that the numbers of class actions are either holding steady or falling.

The American-based law firm Fulbright & Jaworski released a survey yesterday (13 October) that canvassed over 400 in-house lawyers in the USA and UK. It reported that one quarter of respondents faced a class action over the past year, consistent with survey results from the last three years.

The Fulbright study comes hot on the heels of a report by a Melbourne academic in September into the number of class actions in Australia.

Monash University Professor Vince Morabito analysed all 253 class actions filed in the Federal Court of Australia between 4 March 1992 and 30 June 2009.

Morabito's study divided this 17-year period into quarters, and he found the period between 4 June 1996 to 3 September 2000 provided the most amount of filings by quarter (93). The fourth of September 2000 to 3 December 2004 was the second most prolific period (65 filings), with the most recent period, 4 December 2004 to 3 March 2009, realising only 54 filings.

By calendar year, the most number of filings occurred in 1998 (32), followed by 26 in 2007 and 25 in 1999. There were 18 Federal Court class actions filed in 2008, the last year of the study.

Unlike the Morabito report, the Fulbright study also canvassed other issues.

Over 90 per cent of lawyers surveyed believe that legal disputes would increase or remain the same in the next 12 months, with the lagging economies of both countries cited as the most common reason.

For the first time in the Fulbright survey, first launched in 2004, a majority of lawyers (51 per cent) used an alternative fee arrangement. One-fifth of respondents reported being the subject of whistleblower allegations, and 25 per cent of respondents said their company uses some kind of corporate blog.

Fulbright & Jaworski have 16 offices in six countries.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Reports show class actions are not rising
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...