LexisNexis® Legal & Professional, a leading provider of content and technology solutions, announced today that the LexisNexis CounselLink® business has earned its Safe Harbor Certification. The Safe Harbor certification means the CounselLink business complies with a set of privacy principles that establish data privacy standards among 15-member nations including the U.S. and countries within the European Union.
These standards govern how a business may collect, transfer or distribute personal data, such as notifying customers before their personal data is collected, providing a mechanism for opting-out, and establishing a process for dispute resolution. Participation by U.S.-based organizations is voluntary, though participation requires an enforceable and written self-certification process that must be validated annually.
“We currently support global organizations in multiple countries around the world and this certification not only ensures we are in compliance, but also supports the compliance efforts of our clients,” said Jonah Paransky, vice president and managing director at the CounselLink business. “Safe Harbor certification is one more step toward providing assurances and outstanding support for our growing global customer base with a significant presence in the European Union.”
The critical importance of data privacy was recognized as one of the cloud industry’s most important emerging trends by Hyperion Research, a division of Hyperion Global Partners, in its MarketView™ Report covering Enterprise Legal Management Solutions.“We find that as both corporate law departments and their outside counsel become increasingly global-oriented, data privacy requirements become high priority,” said Ralph Schroeder, Managing Director of Hyperion Research. “The Safe Harbor certification process provides clients an important validation of a solution’s ability to meet international data privacy standards.” The CounselLink business is a leading provider of cloud-based software for Enterprise Legal Management – an emerging market for enterprise software for legal departments for matter management, legal spend management and legal holds. It also provides process, analytical and benchmarking consulting services. Current estimates place the overall ELM market at approximately $500 million and growing in excess of 10 percent each year.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV