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Lagging GDPR Compliance Efforts: According to a Capgemeni survey of 6,000 EU consumers and 1,000 executives in organizations across eight countries, 85 percent of organizations were not fully ready for the GDPR when it came online. Another survey by Netsparker, found that GDPR compliance rates were lowest in the health care and finance industry. And it’s not just the corporate world that is struggling to meet GDPR mandates. A Wolters Kluwer survey discovered that only 47 percent of law firms are fully prepared for the regulation. These levels of compliance come as little surprise to some data privacy experts, who note that because of the regulation's scope, compliance will be an ongoing, long-term process. How lenient EU regulators will be, however, is a question on many minds.

The Big Four accounting companies have made significant pushes into Big Law’s territory as of late, with firms like EY doubling down on investments in both legal tech and talent. Cornelius Grossmann, the global law leader at EY, thinks the company has the advantage of having a strong stack of services at their disposal.

“We have technology we can offer. We have legal managed services and outsourced services we can offer onshore and offshore, and we have a global network for domain knowledge in 84 countries we can offer. And so, yes, we definitely think we are in a very good position,” Grossmann said.

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Frank Ready

Frank Ready is a reporter on the tech desk at ALM Media. He can be reached at [email protected]

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