Facts & Figures: General counsel rank data security as top concern

From social media stats to law school tuition increases, an inside look at the numbers that count

Social Sites

Social media: love it or hate it, but it’s tough to ignore it, even in the courtroom. According to a new report from the Conference of Court Public Information Officers, state judges nationwide are slowly but surely beginning to accept social media usage in both their personal and professional lives. Read on for more details:

Blogging Boost

It’s not just judges who are taking advantage of social media: InsideCounsel’s recent 2012 In-House Counsel New Media Engagement Survey showed that lawyers of all ages are becoming increasingly comfortable with social media usage. Now another study from the American Bar Association is helping to bolster the image of the tech-savvy lawyer, reporting that more lawyers and firms are turning to blogging to generate business.

Sad Survey

Increasing Inclusiveness

Last month, a National Law Journal survey reported that the number of female partners in law firms has grown over the past decade. Not to be outdone, in-house female lawyers are also climbing to the top spots of major companies, according to a recent study from the Minority Corporate Counsel Association. The report indicates that more women than ever hold the general counsel spot at Fortune 500 companies. Here’s a more complete breakdown of the statistics:

Escalating Expenses

The number of law school applicants has fallen significantly in recent years, perhaps owing to horror stories of staggering student debt and a grim post-grad job market. But law schools apparently haven’t gotten the memo, according to a report from the National Law Journal. Average tuition and fees continued to rise at both private and public law schools this year, although at lower rates than in the past.

Concerned Counsel

Between shrinking legal budgets, increased government investigations and constant reports of data security breaches, general counsel have plenty to worry about these days, according to a new survey from FTI Consulting and Corporate Board Member.

The report, which includes responses from 1,957 general counsel and 11,340 corporate directors, shows that GCs’ top three concerns are data security, operational risk and management of outside legal fees. Despite the rash of bribery scandals plaguing companies such as Pfizer and Wal-Mart, only 30 percent of GCs rated FCPA compliance as a top concern. Read on for more responses:

Alanna Byrne

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