Securing The Law Firm: Special Session
24th January 2019, London, UK
Surviving (and thriving after) client audits: The key steps law firms must take to stay ahead
Recent research has revealed that of the 200 law firms surveyed, 18 said they lost a client for failing an IT audit, and one firm lost an entire practice group. Audits from banks remain the most demanding, with law firms complaining that questionnaires sent to evaluate cybersecurity are too large, complex and expensive to complete, and (off the record) criticising the banks for not coming together to create harmonised audit criteria. But other client sectors are catching up.
At the same time, the reasons those clients are so concerned remain obvious: the majority of the law firms are still not compliant with their own cybersecurity policies; most do not maintain cyber-insurance coverage; and yet most reported a breach last year, with many suffering a breach that they were not aware of until much later.
While in others sectors, CISOs claim that working together across the sector rather than competing on cybersecurity competence is the best way forward (wishful thinking?), it is clear that legal firms able to convince clients that they are taking the right precautions will win business from those who cannot.
But what are the key client requirements? Their questionnaires contain everything but the kitchen sink. So buried in the hundreds of client questions, what are the key steps law firms must take now to ensure that they get ahead in the race to prove cybersecurity competence? What is must-have and what is nice-to-have?
And what are the priorities – what do different types of clients value the most and why?
Securing The Law Firm: Special Session will cover these and other key subjects for its audience of professionals tasked with safeguarding digital assets and sensitive data. There will be real-life case studies, strategic talks and technical break-out sessions from security teams behind some of the world’s most admired brands, who know, just like you, that security is now more important to business than ever.