In a recent Bloomberg Law survey, concerns about the additional burden of cybersecurity and privacy rulemaking far and away led the list of impacts for in-house attorneys but ranked lower for law firm lawyers, who see disclosure obligations affecting their practices the most.
Bloomberg Law’s State of Practice Survey asked 802 lawyers about the surge in SEC rulemaking under current Chair Gary Gensler and how these proposed and enacted new regulations are likely to affect legal practices and the clients, companies, or funds they advise.
The results lend credence to the age-old story of more regulation leading to higher burdens on the regulated (and their legal counsel)—but those impacts land differently on the practices of in-house and law firm attorneys, according to the survey. Read more.
