As we moved into an era of electronic documents, firms deployed information security measures, but by and large, those safeguards were not particularly robust. But generally, these data security protocols were good enough for clients, and therefore good enough for the firms. Times have changed. Law firms now realize that information security must be a top priority, for several reasons.
The allegations and controversy around Libor surely will surely ratchet up the already intense scrutiny of the financial-services sector. In these unsettling and predictable times, a proven, trusted resource can be invaluable.