NEW YORK, Dec. 16, 2015 (GLOBE NEWSWIRE) -- ALM Legal Intelligence’s inaugural cybersecurity study of law firms and corporate counsel has found legal professionals recognize that cyber-attacks pose an unprecedented danger to their clients and businesses, but struggle to implement adequate solutions to mitigate the threat. In two reports released today during ALM’s cyberSecure conference in New York City (http://www.almcybersecure.com), ALM Legal Intelligence discusses the implications of its research findings, outlines information about the changing cybersecurity landscape, and offers best practices and valuable checklists that law firms and corporate counsel can follow to protect against breaches. The reports also include interviews with law firms and corporate counsel discussing challenges facing their respective firms, and the solutions and processes they have adopted to solve them.
In October 2015, ALM Legal Intelligence surveyed law firms in the Am Law 200 and NLJ 350, as well as corporate counsel at companies in a variety of sectors, including technology, industrials and financial services. The majority (80%) of the corporate counsel represent firms with gross revenue of more than $2 billion. The reports, Cybersecurity and Law Firms: Ignorance is Risk and Cybersecurity and Corporate Counsel: Ignorance is Risk, are available online at http://pages.email.alm.com/cybersecure-pressrelease/.
The Cybersecurity and Law Firms: Ignorance is Risk report highlights ALM Legal Intelligence’s research findings related to law firms, including:
“Cybersecurity presents both risks and opportunities for law firms,” said Steve Kovalan, Senior Legal Intelligence Analyst at ALM. “On the one hand, cyber-attacks pose an unprecedented threat to the confidentiality which is the cornerstone of their relationships with clients. On the other hand, firms that invest in leading-edge information security talent and make an effort to build credible expertise in cybersecurity can distinguish themselves by demonstrating a renewed level of commitment to the trusted attorney/client relationship. They also have the opportunity to gain competitive advantage in the fast-growing market for data-privacy and breach-remediation legal services.”
The Cybersecurity and Corporate Counsel: Ignorance is Risk report features analysis related to corporate counsel, including:
“Companies often bring in corporate counsel after a breach, when it is clear there are issues related to legal liability and damage control—but companies should do more to involve in-house counsel upfront in cybersecurity preparedness,” said Daniella Isaacson, Senior Legal Intelligence Analyst at ALM. “We find it encouraging that some companies are beginning to embrace a proactive, strategic approach to cybersecurity, but in-house counsel should be more involved in areas such as breach readiness and prevention.”
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