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Leasing Can Make Your Information Security Processes Bullet Proof

By Scott McFetters

Security issues are cited repeatedly as the number one concern for law firms and most recently topped all other current trends. The 2015 ILTA TechSurvey revealed that nearly half of the 420 law firms surveyed identified security as the number one concern ' and with good reason. As reported in Legaltech News last fall, 80 of the 100 biggest law firms have been hacked since 2011. See, “Mid-Sized Organizations More likely targets for Cyberattackers.” This year, firms are estimated to spend more than $6.9 million or 1.92% of their gross annual revenues on information security. See, “Am Law 200 Firms Spending $7M on Cybersecurity Annually,” from our sister newsletter e-Commerce Law & Strategy (Sept. 2015).

Security concerns are a game changer. Not only are clients mandating increased security measures, they are requiring that these security measures be absolute and transparent. Management of your firm's technology and equipment assets now falls under the mandate of these security standards to which law firms must adhere.

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