A key challenge facing lawyers is being able to handle a new wave of mass consumer litigation, which involves using innovative technology to manage information
Litigation related to M&A and capital markets is on the increase, according to Pedro Rodero, managing partner of Ontier in Spain. “We’re seeing more litigation with regards to M&A transactions, post-M&A, corporate conflicts disputes and also litigation related to the capital markets industry,” he says.
Rodero adds that one of the key challenges facing Spanish lawyers is ensuring they are prepared to meet the demands associated with major litigation. He says a significant proportion of law firms’ dispute resolution work will in future be “built on massive litigation and consumer litigation”. Indeed, some law firms – backed by financial investors – are preparing huge class action claims. “These claims are not only in the financial sector but also in relation to insurance, airlines and energy companies, as well as with regard to professional liability issues,” Rodero says.
Law firms need to be prepared to manage major litigation in which the management of documents and information needs very innovative technology, Rodero says. “We have to be able to solve those complicated disputes and problems from a technological and logistic point of view,” he adds.