News & Events
Washington, D.C., July 13, 2021 — FTI Consulting, Inc. (NYSE: FCN) today announced the release of its Technology segment’s joint survey with Global Competition Review. The report, Investigations, Data and Compliance, provides insights from a global pool of senior in-house counsel and law firm attorney respondents on emerging data-related challenges in antitrust compliance and investigations and the long-term implications the pandemic has dealt to their work.
Most respondents indicated that every aspect of investigations have become increasingly challenging as a result of remote working over the past year, with 56% saying evidence collection is more difficult and 23% saying it is significantly more difficult. In the context of conducting investigations among remote employees, several specific aspects of the data collection process were cited as being negatively impacted, including identification of data sources (70%), completeness of data collection (66%), chain of custody, mobile device collections, technical issues and data privacy (roughly 40% respectively).
Key findings from the report include:
“The results of this survey were consistent with the trends we’re seeing among our clients, especially in terms of trepidation about the completeness of document collection and production in antitrust investigations,” said Andrea Levine, a Managing Director in the Technology segment at FTI Consulting. “Change—on the regulatory front and across the data landscape—is happening quickly, which can be overwhelming for legal and compliance teams. In the coming year, we’d like to see more companies allocate adequate resources toward assessing their data infrastructure and leveraging existing data to inform and enhance their antitrust compliance program.”
Tim Anderson, a Managing Director in the Technology segment at FTI Consulting, added, “Given the clear challenges organizations are facing with managing emerging data sources, information governance has become imperative to antitrust investigation readiness. At a minimum, legal and compliance teams must develop an understanding of the systems used to communicate and collaborate, as well as the data collection and compliance functions enabled within those systems.”
To read the full results, download Global Competition Review Investigations, Data and Compliance. To attend a webcast and learn more about the reports detailed findings, register for the July 15, 2021 webcast here.
The data contained in the report was derived from a global online quantitative survey run from November 2020 to January 2021 on Global Competition Review. The 187 respondents represent a range of in-house counsel positions, areas of responsibility and firm size.
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 6,400 employees located in 29 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $2.46 billion in revenues during fiscal year 2020. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting),