Bloomberg Law: Privacy & Data Security brings you single-source access to the expertise of Bloomberg Law’s privacy and data security editorial team, contributing practitioners,...
By Donald Aplin
April 5 — 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 released April 5.
The survey report concluded, among other things, that:
When company privacy pros shop for outside counsel, they primarily rely on referrals and personal relationships unless the company already has an outside law firm in place.
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. At the same time, significant opportunities for lawyers to expand their revenue may be in advising companies on privacy by design and privacy engineering initiatives, the report said.
The amount spent for outside privacy counsel increases with the size of the company with large-sized companies (25,000 or more employees) spending the most. But medium-sized companies (5,001 to 25,000 employees) are the most likely to have increased budgets for spending on outside privacy counsel, the report said.
The survey was conducted in January and the report is based on the replies of 353 privacy pros.
To contact the reporter on this story: Donald G. Aplin in Washington at firstname.lastname@example.org
To contact the editor responsible for this story: Jimmy H. Koo at email@example.com
The survey report, “The Market for Data Privacy Legal Services" is available at https://go.bloombergbna.com/blaw-iapp-privacy-legal-services .
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