In today’s interconnected world, where data breaches and cyber threats have reached exponential heights, the significance of privacy and cyber law practice cannot be overstated.
With technology advancing rapidly, legal professionals are proactively protecting individuals, businesses, and organizations from digital risks.
Joining the roster of law firms embracing this challenge is Law Squared, which launched its new Privacy + Cyber practice group. It also announced the establishment of its first office in New Zealand.
Mark Anderson, a former Cyber + Insurance Partner at Wotton + Kearney New Zealand, is at the helm of its New Zealand expansion.
Anderson is joined by Jon Crass, a former privacy lawyer at Sparke Helmore; James Cole, the former Head of Cyber Product at cyberSuite; and Katherine Boyles, a Law Squared privacy + commercial lawyer.
The firm’s Founder + Director, Demetrio Zema, expressed his optimism about the expansion. In a media release, he mentioned the significant interest they have received from global clients, especially insurers seeking support in privacy and cyber risks.
The firm’s new practice group will provide comprehensive privacy and cyber risk management support to clients in Australia, the UK, and New Zealand.
Their services include risk identification, breach assessment and notification, incident response planning and management, post-incident review and remediation and cyber insurance coverage.
From compromised confidential information to corporate espionage, the consequences of inadequate data protection measures can be devastating.
Consequently, businesses are now recognizing the importance of allocating resources and efforts towards safeguarding their digital assets.
In fact, IBM recently reported that the worldwide average expense incurred due to a data breach has surged to USD 4.45 million, marking the highest figure ever recorded. This represents a significant 15% escalation within three years.
Moreover, professional services industries, including legal, accounting, and consulting firms, face an even more substantial burden, with an average cost of USD 4.47 million.
To combat this, law firms seek lawyers with the specific skill set necessary to navigate intricate cyber regulations, safeguard sensitive information, and guide clients on the best cybersecurity practices.
Staying ahead of the game is crucial – and assistance from a reputable legal recruitment firm is necessary. At nrol, we understand the importance of having skilled and knowledgeable professionals who can navigate this field.
Whether you are seeking a new position in a law firm that aligns with your expertise or seeking to recruit your next employee, we’re here to help.