Level 2 Legal Launches Dedicated Compliance and Privacy Practice Areas
Level 2 Legal Launches Dedicated Compliance and Privacy Practice Areas
Growing Demand for Compliance Expertise from Clients Fuels Formation of New Divisions
Level 2 Legal Solutions, a leading legal services company, today announced the formation of new Compliance and Privacy Practice Areas specifically geared towards law firm and corporate counsel needs. Long respected as for its elevated eDiscovery managed services, Level 2 Legal has developed expertise over the years helping clients with compliance, privacy, and investigations –service areas of the business that has grown from 66% to 298% over the past three years. The formal launch of these services makes Level 2 Legal’s compliance and data analytics expertise broadly available to legal teams and Big Law practitioners in need of help navigating complex legal issues, such as CCPA and GDPR.
The new practice areas address rising regulatory concerns and growing discontent in the quality of compliance-related services from Big-4 accounting firms. According to Thompson Reuters, fines for audit failures imposed by the Securities & Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB) increased 5X to $64.7m from $12.5m the year before. In the midst of strengthening regulations, some policymakers are contemplating if a forced breakup of the Big-4 is in order.
In today’s corporations, data is driving increased collaboration across internal and external silos. Today’s regulatory environment – especially around privacy – requires specialized skill sets in addition to legal expertise. Increasingly, clients are asking Level 2 Legal to address issues that extend beyond eDiscovery and litigation – including compliance with GDPR and CCPA, regulatory investigations, privacy impact assessments, information governance, and more. Level 2 Legal’s attorneys are partnering with the company’s technologists and data scientists to build innovative compliance solutions that positively impact both the legal and business bottom-lines of their clients.
In addition to its technology, litigation and investigation services, its new service offerings provide support to both privacy and compliance departments ranging from business unit training, policy/process improvement and compliance gap analysis and remediation to privacy investigations, privacy regulatory compliance, compliance audits, and regulatory compliance.
