24. Your Clients Are Worried About Your Data Privacy and Cybersecurity
State of the Industry Part 5 Law firms store information about their corporate clients. This can include trade secrets, banking and financial data, information on their suppliers and customers. All of this can be highly sought after by bad actors.
July 14, 2023 at 12:08 PM
3 minute read
The original version of this story was published on Lean Adviser
To parody a popular book title, lawyers are from Mars and clients are from Venus. This is at the root of many of the disconnects in our profession. Clients live on planet client, and lawyers don't truly understand what life is like there. Priorities and challenges are very different there.
Nowhere is this better exemplified than in the area of data privacy and cyber risks. Ahead of Legalweek 2023, we asked GCs to identify their 6 biggest challenges, and their answers inspired this mini-series, in which we examine each concern from a lean law perspective.
A consistent theme among GCs' responses was that their worry-list includes data privacy and cyber risks. Not just their own, but their suppliers … and particularly those who are custodians of sensitive data. That would include law firms.
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