October 2013: Law Firm HIPAA Compliance Survey Report Now Available
Law Firm HIPAA Survey Highlights Industry Commitment to Compliance with New Privacy and Security Rules Now in Effect
The report presents information gathered from over 70 organizations, measuring attitudes, priorities and response strategies.
- Interest in and responsibility for HIPAA compliance spans departments and stakeholder roles – survey participants include firm management, risk management, heads of IT, information security managers and practice group leaders.
- Firms report that protected health information subject to HIPAA protections often appears in matters from firm healthcare, litigation, labor & employment, insurance, and medical/life science practice areas.
- Firms see reputational harm as the key risk and impact of a breach or compliance failure.
- Firms are actively pursuing compliance with new HIPAA regulations, employing measures including undertaking internal assessments and review of business associate agreements, implementing new policies and training and adopting security and monitoring controls.
- In many instances, compliance measures are spearheaded by IT, often working cross-functionally with risk and practice stakeholders.
- To manage future compliance, firms overwhelmingly plan to modify business intake procedures to identify and flag HIPAA-related matters at the point of inception.
- Many firms are discussing HIPAA compliance with their insurance brokers or underwriters to assess the applicability of current malpractice and cyber insurance policies or expand coverage.
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October 2012: Law Firm Risk Survey Reports Now Available
2012 Law Firm Risk Management Surveys Highlight Legal Industry Practices and Priorities in the United States, the United Kingdom, Canada and Australia
The survey reports provide statistical information and commentary about current industry trends designed to provide law firm risk and IT stakeholders with insight into the priorities and practices of their peers so that firms can plan and respond effectively. They examine specific issues including new business intake, lawyer lateral hiring and departures, ethical walls and information barrier management, confidentiality enforcement, internal education, and compliance tracking and verification.
While each report presents unique data and detail, several risk management trends and priorities manifest across all geographies:
- Firms cite information risk (data security and confidentiality) as a top risk management concern.
- Respondents overwhelmingly highlight rising client concerns about information risk management, as evidenced by the increasing quantity of security-related questions in Requests for Proposal (RFPs) and mandates in Outside Counsel Guidelines (OCGs).
- Participants also noted increasingly internal concerns with regard to complying with regulatory rules and evolving professional standards.
For information about acquiring a copy of the complete reports, please contact: email@example.com