Astoria, NY (PRWEB) December 27, 2012
Popular news Blog Digitalolympus.com reveals the findings of a survey conducted on mid to large size corporations which suggests that a growing number of these corporations are employing teams of litigation support specialists for guidance in legal proceedings and strategies. These teams of legal specialists take a comprehensive approach to the law because they are typically made up of former prosecutors, ex-law enforcement officials, attorneys, corporate investigators, forensic accountants, computer forensic specialists and journalists.
The results of the survey in fact showed that among executives conducting business internationally, employing a litigation support services team was rated nearly as important as conducting due diligence prior to finalizing a merger or business transaction. Other topics of great importance to executives conducting business internationally included matters relating to corruption internationally and the Foreign Corrupt Practices Act (FCPA), background investigations of potential employees, consultants, vendors and business partners as well as the tracing of assets internationally.
The findings regarding the importance of litigation support among respondents is not surprising given the increasing complexity of the corporate and legal landscape faced by enterprises today.
Litigation support typically involves the use of team that operates independently from the lead litigation team. These specialized teams focused on supporting the lead counsel offer various forms of critical support. Among the litigation support activities listed as most important according to the findings of the survey were: the designing and building of custom tailored investigative plans, the finding and interviewing of potential witnesses in the support of legal strategies for litigation efforts, the analysis of information and raw data to uncover its potential for use in evidence, investigations into the credentials of potential expert witnesses, the tracing and locating of financial assets across borders, and investigations into the nature of undisclosed relationships between parties.
According to one survey respondent: “When faced with potentially harmful allegations, hiring a team of professionals in litigation and business intelligence can mean the difference between the life and death of a business you have worked so hard to build. Every company big and small needs a team of legal professionals for guidance and support through difficult times,”.
Digitalolympus.com is an online news Blog dedicated to educating its readers on a multitude of topics ranging from cutting edge technological advancements, financial market and global business news, politics, health information technology, telecommunictions, software and mobile technology, Internet marketing and more. A purely digital organization, Digitalolympus.com is committed to gathering and reporting on information that will enhance the lives of their readers and is always at the forefront of technology news and events giving its readers insights, entertainment, and quality information to use for themselves and their businesses.