CMS, in partnership with YouGov, asked in-house lawyers about the biggest challenges of managing disputes in this environment - and how those challenges can be met. We asked them about project risks, ESG factors and the use of AI in managing their transactions. Download the report to see what is keeping in house lawyers in construction businesses up at night, and how they see their risk landscape changing over the next few years.
Sixty-second summary
- Consistent sources of disputes – delays in a project, payment issues and disagreements on the scope of work are the main sources of disputes, and this is expected to be the case for the next three years.
- Out of the loop - fewer than half the businesses surveyed reported that the in-house legal or contract management team is always consulted at the start of a project to identify areas of risk and to establish appropriate risk management strategies.
- Improvement is possible - most in-house lawyers believe their businesses could improve the way in which risk is managed during projects, for example.
- ESG risks are rising – risks around sustainability reporting requirements (54%) and local labour requirements (44%) will increase over the next year.
- AI uptake is low - despite the potential benefits, only 17% of the in-house lawyers we surveyed are using AI in disputes or contract management. Some say they will never use it.
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CMS International Construction Study 2024
In this episode, Anne Thompson speaks to Adrian Bell and Rafal Morek about some of the key points coming out of the CMS International Construction Study 2024.
Construction & Engineering
Development Work
Energy & Mining
Facilities Management
Infrastructure
NEC Contracts
Dispute Resolution
Advocacy
Alternative Dispute Resolution
Appeals
Aviation Disputes
Class Actions
Commercial Disputes
Construction & Engineering Disputes
Contentious Insolvency
Corporate Crime, Compliance and Forensics
Corporate Disputes
Director/Shareholder Disputes
Employment Disputes
Energy Disputes
Environmental and Climate Change Disputes
Family Offices and Ultra-High-Net-Worth Individuals
Finance Disputes
Financial Regulatory Disputes
Hotels and Leisure Disputes
Insurance & Reinsurance Disputes
International Arbitration
Judicial Review
Life Sciences & Healthcare Disputes
Private Equity and Hedge Fund Disputes
Public Law, Procurement and Regulatory
Real Estate & Planning Disputes
Reputation & Defamation
Risk & Investigations
Sports Disputes
Technology Disputes
