Evolving Challenges and Solutions around the Convergence of Privacy, Security, Governance and eDiscovery
The Cowen Group’s Fall Breakfast Series kicked off in NYC this morning with Jason Stearns, Director of the Legal and Compliance Group at BlackRock along with thought leaders from JP Morgan Chase, Boehringer, AXA, Wells Fargo, HSBC, Barclays, Hogan Lovells, Morgan Lewis, Winston, Paul Weiss, Proskauer and 25 others.
Our discussion focused on the “Evolving Challenges and Solutions around the Convergence of Privacy, Security, Governance and eDiscovery.”
Some of our topics were:
- The impact of privacy and security on evolving Legal and eDiscovery best practices
- What are the new standards of success for corporate and law firm leaders
- What are the new roles and responsibilities in this changing landscape
- What questions do I need to ask and in what order to get a seat at the new table
“The Beginning of The Beginning” of how privacy, security, governance and discovery impact each other, and how Legal sits in the intersection of all these functions. This convergence will impact how we manage teams, develop workflows and advance our careers, because there are no clear best practices (yet).
This is an exciting time, very similar to what we all experienced back in 2004 with the initial explosion of eDiscovery. The lessons we learned together as we made the eDiscovery market will serve us well as a guide to developing the new newframework of PSG-D. p>
Four of the big take-aways from this morning were:
1-Our current maturity and understanding of privacy, security and governance – is a lot like our understanding of pollution and it’s impact on the environment back in 1972.
2-Cyber-Insurance has paid out $250M in the last 6 months!
3- Corporations are enthused and committed to “Data Disposition”
4- The immediate need for a standard security assessment guide and RFP
5- New roles are rapidly being created and staffed in all sectors- law firm , corporate and vendor.
I am looking forward to bringing this new conversation to Washington DC, Thursday October 23rd Chicago, Wednesday November 5th San Francisco, Wednesday November 12th.
For an invitation please contact . Ryan@CowenGroup.com. For more information on the convergence of privacy, security and governance see our recent blog post below.