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 email@example.com
To contact the editor responsible for this story: Jimmy H. Koo at firstname.lastname@example.org
The survey report, “The Market for Data Privacy Legal Services" is available at https://go.bloombergbna.com/blaw-iapp-privacy-legal-services .
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)