This article originally appeared in the August 2015 editon of LawTECH Magazine. LawTECH - Converge - Disaster RecoveryWhen fires raged underground in Holborn in London on 1 April this year, few businesses were prepared for the impact this would have. The London Chambers of Commerce estimated the cost to have been in the region of £40m.
As part of its Risk Outlook, the Solicitors Regulation Authority has recently taken a close look at Cloud computing and published its guidance in a document called Silver Linings: Cloud computing, Law Firms and Risk.
The Risk Outlook 2013 highlighted ‘lack of due diligence over outsourcing arrangements’ as a potential risk; citing that ‘whenever firms outsource activities, it is important that appropriate controls are in place to manage associated risks’.