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Cybersecurity Practices Grow As Firms Compete for Talent
Law firms in every segment of the market are hiring cybersecurity and privacy laterals and launching new practices, as more of their clients become aware of their vulnerabilities while working remotely.
For large firms, this means growing what is already an established practice. For some midsize firms, it means creating a practice group or bulking up what had been a niche expertise into a more sizable team. And for one firm in Pennsylvania that recently hired from a local competitor, it's the entire business.
Firms are keenly focused on the value of the cybersecurity and private practice because they understand how valuable it is to clients, says Lisa Smith, a firm consultant at Fairfax Associates in Washington, DC. Smith says when she talks to her law firm clients about their strategic goals, the practice is frequently at the top of their wish list. "Over the last two years that has been the No. 1 area listed by pretty much every firm. It is important to have that capability," Smith says, adding it helps firms provide full service to clients.
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