Jason Parkman, chief executive officer of Mitratech, said: ‘The relationship between corporate counsel and outside law firms is changing in a way that is only going to increase the risk and vulnerabilities. A lot of corporations are looking to decrease the number of law firms they use, using technology to make outside firms feel like a virtual internal team. That will only increase the flow of information between corporate counsel and outside law firms.’

Corporate counsel in command

As a result, he believes that general counsel or regulators will up their requirements as to disclosure of breaches, audits and other checks. ‘Corporate counsel are going to dictate what they want in terms of disclosures of breaches,’ he said. Mitratech runs cost management and other IT services for law departments. Source: Mitratech