We’re less than a year away from the implementation of GDPR, which will overhaul the way companies collect, use and store personal data. As of May 2018, companies around the world, who wish to sell products in the EU, will need to adhere to a strict set of data protection laws, or face fines up to €20M or 4% of turnover, whichever is greater.
While GDPR presents an array of challenges for businesses, it also opens a world of opportunity for forward-thinking law firms. Any company dealing with EU customer data will need to understand GDPR’s implications and develop a plan for compliance – and time is of the essence. For law firms, this presents the opportunity to proactively address client needs, expand existing business and create differentiation through innovative client service.
Here are three ways law firms can turn the burdens of GDPR into compelling competitive advantages: https://goo.gl/6GiW6Z