2022 saw a rise in corporate regulatory proceedings according to Norton Rose Fulbright’s Annual Litigation Survey. Half of respondents were involved in at least one type of regulatory proceeding last year, and more than one-third expect such proceedings to increase in 2023.

The survey also reveals heightened litigation risk in key areas: labor, cyber and data protection and diversity, equity and inclusion (DEI). The report also explores class actions in greater depth, revealing fresh insights into an area that more than one-third of respondents identified as a critical concern in 2023.