The survey reports provide statistical information and commentary about current industry trends designed to provide law firm risk and IT stakeholders with insight into the priorities and practices of their peers so that firms can plan and respond effectively. They examine specific issues including new business intake, lawyer lateral hiring and departures, ethical walls and information barrier management, confidentiality enforcement, internal education, and compliance tracking and verification.
While each report presents unique data and detail, several risk management trends and priorities manifest across all geographies:
- Firms cite information risk (data security and confidentiality) as a top risk management concern.
- Respondents overwhelmingly highlight rising client concerns about information risk management, as evidenced by the increasing quantity of security-related questions in Requests for Proposal (RFPs) and mandates in Outside Counsel Guidelines (OCGs).
- Participants also noted increasingly internal concerns with regard to complying with regulatory rules and evolving professional standards.