Among U.S. businesses, insurance companies spend the most on litigation and take the second highest number of cases to arbitration, according to a survey of corporate counsel in America.

Fulbright & Jaworski, an international law firm based in Houston, said their findings came from a survey that contacted 354 corporate counsel in a wide range of industries in 45 states and the U.K. about their top litigation concerns.

The study also found:

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