ENR’s Top 500, the Economy, and Lawsuit Fever

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Engineering News-Record (ENR) has released its annual list of the largest 500 design firms in the United States. The list is based on design revenue generated by the firms, and covers both public and privately-held companies.

The bad news? According to ENR, overall design revenue of the top 500 firms ($79.8 billion in 2010) was down 0.2% from 2009. I know my clients have been hit hard.

One thing that construction lawyers see in down markets is more lawsuits. Whereas in good times people will let something go to move on to their next project, in slow times contractors and owners sometimes look for a scape-goat....

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Published In: Construction Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Melissa Dewey Brumback, Ragsdale Liggett PLLC | Attorney Advertising

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