Article
Source: Bloomberg Law
Article
05.13.16
The most frequent questions discussed within (and about) law firms these days either relate to how the business of law will change or how firms can best tackle the explosive growth of cybercrime. Only now however, are some lawyers coming to realize the ominous connection between the two.
Law firms, perhaps more than any other service industry, must protect against disruptive cyber-attacks. Most law firms continue to rely on the billable hour as their primary method for generating revenue, and those billable hours in turn are predominantly generated using IT systems to generate and review documents as well as to communicate with clients and opposing counsel.
The challenge is that information security was typically a secondary concern when law firms implemented their current IT systems. Now, in a world where information can be stolen from those systems far more easily than anyone could have imagined, law firms find themselves uniquely vulnerable to cyber-threats.
Read more: Bloomberg Law