… Proskauer Rose, Kirkland & Ellis, K&L Gates, Loeb & Loeb, and Orrick Herrington & Sutcliffe were just a few of the dozen-plus leading firms reported to have been targeted over the last year.
The five class action cases filed this year against Bryan Cave; Cadwalader, Wickersham & Taft; Smith, Gambrell & Russell; and two smaller firms—Cohen Cleary and Spear Wilderman—claim that they didn’t sufficiently guard against the possibility of cyberattacks. The suits against Cadwalader and Smith Gambrell were later dropped.
Other firms, such as Covington & Burling, are facing action from government regulators over divulging the extent to which clients have been harmed by cyberattacks. The Securities & Exchange Commission subpoenaed Covington in January over a 2020 cyber hack that may have resulted in client data being stolen.
‘Enforcement 40’ for 2020
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