Partner & Managing Director, New York
58% say data security is an important issue; 33% say they would pay a price premium for top-level security in e-discovery matters
NEW YORK – Data security and technology loom large for senior corporate legal and compliance professionals, according to the latest installment of an annual survey released today by AlixPartners, the global consulting firm. The AlixPartners 2018 Litigation and Corporate Compliance Survey polled more than 200 legal and compliance executives in companies representing more than 20 major industries in North America and Europe.
Data security is an “important” or “extremely important” issue for 58% of respondents and 33% say they would pay a price premium for the highest standard of data security in e-discovery matters. Meanwhile, over one-third (36%) say that in the 12 months preceding the survey they have implemented new technology designed to mitigate data security risk, while an additional 58% have kept levels the same.
Additional survey highlights:
Louis Dudney, global leader of AlixPartners’ Investigations, Risks and Disputes practice and a managing director at the firm, said: “From all-too-real fears of data breaches to the growing regularity of cross-border disputes and rising litigation costs, our survey highlights that corporate legal executives are facing a number of evolving challenges. Risk mitigation is essential, and companies can protect themselves by proactively identifying compliance gaps and employing the latest technology and analytics tools.”
About the survey
The AlixPartners 2018 Litigation and Corporate Compliance Survey was conducted in August, September, and October 2017. It polled 239 senior corporate legal and compliance executives, including general counsel and compliance officers, from companies with annual revenues of $150 million or more, with 64% having revenues of $1 billion or more. Respondents represented over 20 major industries in the United States and Europe, including France, Germany, Italy, the United Kingdom, and Spain.
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