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Invest in risk management to win high-value legal work

By Manju Manglani, Editor, Managing Partner

11 June 2015

Many law firms are putting their partners and clients in danger by failing to take risk management seriously enough.

In early June, the Solicitors Regulation Authority issued a warning that UK law firms are being increasingly targeted by cyber criminals, highlighting the need for better data protection practices. Law firms are ripe targets for cybercrime because of the sizeable cash reserves they hold in client accounts.

The Court of Appeal's ruling in Google v Vidal-Hall in late March 2015 means that breaches of the UK's Data Protection Act 1998 could result in significant claims for damages. Firms that fail to invest in data security will struggle to demonstrate that they have taken reasonable care to protect client data.

Under the European Union's forthcoming Want to read on?

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