Bloomberg Law
April 6, 2016, 5:41 PM UTC

Majority of Corporations Use Outside Counsel for Privacy Issues, Survey Finds

Bloomberg Law - Staff Reports

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, ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.