As corporations and governments alike face increasing incidents of data breaches and cyberattacks, cybersecurity has become a hot and growing practice area for many law firms. But legal services in this space are not offered in a vacuum. Management consultants, tech firms and insurance companies are all looking for a piece of the pie, and are competing fiercely with law firms for their clients’ attention.

New research from The American Lawyer’s sister company, ALI Pacesetter, shows that while law firms have some advantages over the competition, they are also at a serious disadvantage in some key areas.