A significant portion of corporations—76 percent—employ outside counsel for privacy and data security matters, according to a Bloomberg Law/International Association of Privacy Professionals survey study on "The Market for Data Privacy Legal Services." And that demand is growing.
The survey report concluded that:
The survey found that privacy pros in companies generally don’t hire outside counsel for operational tasks, such as privacy impact assessments and privacy by design application. But at the same time, significant opportunities for lawyers to expand their revenue may be in advising companies on privacy by design/privacy engineering initiatives, the report said.
The survey was conducted in January and the report is based on the replies of 353 privacy pros.
Last fall, Bloomberg Law and the IAPP issued a survey report "Assessing and Mitigating Privacy Risk Starts at the Top."
To keep up with the constantly evolving world of privacy and security sign up for the Bloomberg BNA Privacy and Security Update.
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