Epiq Maintains Top Position as No. 1 Antitrust Claims Administrator for Fifth Consecutive Year
Epiq, a global technology-enabled leader in the legal industry and corporate services, has once again secured the top rank among antitrust claims administrators. This marks the fifth consecutive year that Epiq has claimed the No. 1 spot in terms of aggregate settlement amounts and the number of settlements.
Impressive Settlement Figures
According to the recently released 2022 Antitrust Annual Report, covering class actions in federal court from 2009 to 2022, Epiq managed an impressive aggregate settlement amount of $12.6 billion. This included 450 settlements, with an average settlement amount of $28,013,615. In comparison, the second-ranked company oversaw an aggregate settlement amount of $7.3 billion with 181 settlements.
Continued Trust and Expertise
Cameron Azari, Senior Vice President at Epiq, expressed confidence in the company's ability to maintain its position as the go-to provider for large-scale settlements. Epiq anticipates distributing over $6 billion to antitrust settlement class members in 2024 alone. Epiq's exceptional people, cutting-edge technology, and comprehensive services enable them to handle matters of any size and complexity worldwide.
The 2022 Antitrust Annual Report, produced in collaboration with the Center for Litigation and Courts at UC Law SF and The Huntington National Bank, revealed that the cumulative total of settlements from 2009 to 2022 amounted to $32.2 billion. Annual settlements ranged from $225 million to $5.3 billion during this period. Additionally, most antitrust class actions that reached final approval did so within five to seven years.
In conclusion, Epiq's continued recognition as the leading antitrust claims administrator highlights their expertise and reliability in managing complex legal matters. Their commitment to providing top-notch services and utilizing advanced technologies solidifies their position as a trusted partner for corporations and legal professionals worldwide.
Implications of Epiq's Top Position for New Businesses
Epiq's consistent ranking as the No. 1 antitrust claims administrator for five consecutive years carries significant implications for new businesses, particularly those in the legal industry and corporate services. Epiq's achievement underscores the importance of maintaining a robust infrastructure capable of handling complex legal matters.
Setting the Bar High
Epiq's impressive aggregate settlement amount of $12.6 billion, as reported in the 2022 Antitrust Annual Report, sets a high bar for new businesses. This achievement emphasizes the need for these businesses to develop effective strategies and robust systems to manage large-scale settlements.
Trust and Expertise
The confidence expressed by Cameron Azari, Senior Vice President at Epiq, in the company's ability to maintain its leading position highlights the importance of building trust and expertise. New businesses must strive to establish themselves as reliable partners for their clients, capable of handling matters of any size and complexity.
In conclusion, Epiq's continued success in the field of antitrust claims administration serves as a valuable benchmark for new businesses. It underscores the importance of expertise, trust, and the ability to handle complex legal matters in achieving success in the industry.