Morrison & Foerster-commissioned survey reveals drivers affecting consumer products businesses, an evolving risk environment, and litigation trends in 2018
SAN DIEGO (April 24, 2018) – Today, Morrison & Foerster, a leading global law firm, announced the results of “Legal Risks to Consumer Products Companies in 2018,” a survey of senior in-house legal counsel at consumer products companies. Morrison & Foerster commissioned the survey to gain and share insights into consumer products companies and their key legal concerns, perceptions of emerging risks, and expectations for 2018.
To view the full survey report, visit: https://www.mofo.com/special-content/legal-risks-consumer-products-companies-2018/.
The report includes the following notable findings:
“Consumer products companies have always faced unique legal challenges, but in-house counsel are now under more pressure than ever to protect their brand and keep their consumers’ trust,” said Erin Bosman, chair of Morrison & Foerster’s Product Liability and Counseling Practice. “Our survey revealed that, while reputation and litigation threats continue to grow, advancing technology like the Internet of Things has created an even more complex legal landscape that will force companies to anticipate and plan for previously unknown risks.”
“Our survey results show that the ever-changing regulatory environment is also top-of-mind for consumer products companies,” stated Julie Park, a partner in the Product Liability and Counseling Practice. “While the current federal government is unlikely to add regulations, state and local governments are taking a different approach and could implement changes on everything from climate change and nutrition to privacy and labor laws.”
About the Survey
Morrison & Foerster’s “Legal Risks to Consumer Products Companies in 2018” survey of consumer products companies was conducted in late 2017 by telephone, primarily by market research company YouGov. The survey incorporates responses from senior in-house counsel at more than 60 consumer products companies in the United States with revenues ranging from $250 million to $1 billion. Companies participating in the survey represent a range of consumer products, including electronics, foods and beverages, household products, apparel, cosmetics, and office products.
About MoFo’s Consumer Products and Retail Group
Morrison & Foerster knows consumer products. Our clients span the consumer products spectrum, from prestige to mass market, electronics to baby products, chemicals to textiles. We provide a full-spectrum of legal services to some of the most popular and prolific household brands, that trust us to guide them through their toughest strategic business decisions. With lawyers across the United States, Asia, and Europe, we’re always available to help clients develop their businesses through corporate and transactional matters and defend against high-stakes litigation. When the stakes are the highest, we are ready at a moment’s notice to manage safety crises and product recalls. And no matter what issues our clients face, we work with them to protect their reputation and brand integrity.