Data security and privacy should be top of mind for all industries, especially as cyberattacks increased in 2021 and digital transformation efforts have resulted in a stronger reliance on technology. For law firms, keeping data security and privacy at the core of their practice is especially important because they are handling their clients’ confidential information and assets, including intellectual property (IP). Law firms need to prioritize data security and privacy to avoid risk of breaches, acquire new business and retain both clients and employees. They can do so through security and technology advancement and employee education.

New Business Implications

The first reason law firms must prioritize data security and privacy is because their clients are also prioritizing these practices. In fact, data security has become a requirement in vendor contracts. With the sharp rise in cybersecurity attacks and the risk they present to entire organizations, clients are asking about data security and privacy practices in their information gathering stage, and if law firms want to win new business, they must be able to articulate what they are doing from a security standpoint.