Facts and Stats

Facts and Stats

Want a Quick Response? Send a Text

More than 90 percent of people read a text message within the first three minutes of receiving it.

For more on the ins and outs of texting clients, read this month’s cover story, “To Text or Not Text.”

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Quick Stats

65 percent of law firm leaders say their partners resist most change efforts, and 56 percent say most partners are unaware of what they might do differently. This reluctance to change is an intractable problem in many law firms.

88 percent of firms say they have chronically under-performing lawyers. Equity partners are not sufficiently busy in 52 percent of firms, and non-equity partners aren’t busy enough in 61 percent of firms. Overcapacity is diluting profitability in 61 percent of law firms.

Source: Altman Weil’s 2017 Law Firms in Transition Survey

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Bloomberg Law Identifies the 10 Countries with the Highest Data Breach Notification Compliance Risk

Based on analysis from its Compliance Risk Benchmarks data, Bloomberg Law reveals the 10 most compliance-risk countries for breach notification. The top-10 breach notification list — which ranks South Korea at the top with a risk benchmark score of 83/100, and includes countries like France, Japan and Belgium — looks at a number of factors that make these countries the riskiest for data breach notification. These factors include enforcement level, potential criminal and civil monetary penalties, potential criminal imprisonment, and more.

Breach notification is just one of 10 topics impacting global businesses into which the tool can offer country-specific insights. It also includes burdens and risks related to health information, employee monitoring and surveillance, and online privacy.

Read more on Bloomberg Law’s Compliance Risk Benchmarks here.

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Safeguarding Sensitive Information

The 7th annual Shred-it Information Security Tracker Survey, which surveyed and analyzed C-suite execs and small business owners (SBO) across multiple verticals, finds that companies of all sizes are slacking when it comes to employee training around legal requirements and policy and protocols for destruction of confidential information.

Key findings from the report include:

  • Training of staff on company’s information security procedures is highest among the finance/legal/insurance industries (81 percent).

  • Despite the growing trend and movements for paperless offices, 39 percent of C-suite executives anticipate an increase in the volume of paper their organization will use over the next year and 52 percent of SBOs anticipate the volume of paper to stay relatively the same.

  • 32 percent of SBOs believe that the loss or theft of documents would cause no damage to their organization and 31 percent think a data breach wouldn’t significantly impact their business.

  • Only about half of all C-suite professionals (51 percent) train their employees on legal requirements at least twice a year and 36 percent of SBOs never train their employees at all — highlighting the need for more robust training within businesses both large and small.

Read more about this report here.

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Summer Perks

HR managers were asked, “Which, if any, of the following summer benefits are offered at your company?” Their responses (multiple responses permitted):

2017 2016
Flexible schedules 62% 75%
More relaxed dress code 29% 57%
Leaving early on Fridays 20% 63%
Activities such as a company picnic or potluck 17% 28%

Source: OfficeTeam, a Robert Half company