The Klemm Analysis Group which is a DC information services group say more than half of civil lawsuits target small businesses. A similar conclusion was reached in a research paper entitled “Reaching Settlement” published by three Southeast Missouri State University researchers at the Midwest Academy of Legal Studies in Business. This study noted 35% to 53% of federal civil lawsuits in a broad ranging analysis covering civil cases in California from 1964 to 2004 involved small businesses.
What does your small San Diego business need to know about business litigation and the potential for a lawsuit against your small business?
The simple truth is if you have a successful business it is not a question of “if” you will become involved in a business dispute or lawsuit, it is “when.” The good news for any small business owner, officer or manager is the majority of business litigation cases and lawsuits involving small businesses settle before going to court. What should you do if your company becomes involved in a business to business dispute or is facing a lawsuit?
The experienced business litigation and dispute resolution attorneys at the Watkins Firm take a unique approach to business litigation and disputes which is specifically designed to resolve these disputes in the shortest possible time frame and in a cost-effective manner. Our skilled attorneys thoroughly and efficiently investigate the matter at hand and all supporting facts and documents to identify the potential for financial damages. Business litigation and civil lawsuits are all about financial damages. A command of the damages provides the leverage needed to gain the attention of other parties and draw them into productive negotiations.
Most business disputes are resolved through this leveraged negotiation strategy. When negotiation fails to resolve all or part of a matter, mediation and arbitration are sound alternative methods to taking your case into a San Diego Court.
Many studies have shown more than half of civil lawsuits target small businesses and you need to be prepared to efficiently manage this challenge. If you are concerned about a business dispute or lawsuit we invite you to contact the Watkins Firm or call 858-535-1511 for a free consultation today.