By Donald Aplin, Bloomberg BNA
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:
• a dedicated privacy team and subject matter experience are the most important qualities that companies look for in hiring outside counsel; • on average corporations spend nearly $170,000 annually on outside counsel handling privacy and data protection matters; and • outside privacy attorneys command high hourly rates, an average of $474 for transactional services, ...
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