The California Consumer Privacy Act (CCPA), passed in 2018 and set to take effect on Jan. 1, will require an estimated 500,000 companies with annual revenue of more than $25 million to account for the personal information they’ve filed away about Californians and delete it upon request. All told, the law’s adoption will cost those companies about $55 billion in legal fees, employee training, and other compliance measures, according to an impact assessment prepared for the California attorney general’s office by Berkeley Economic Advising and Research, a consulting firm. That leaves plenty of room for savings, says Kimball Parker, especially if you can do the legal work with far fewer lawyers.
Wilson Sonsini Goodrich & Rosati is the only one of the top 50 U.S. law firms with an office in the small city of Lehi, Utah. There, Parker is the president of the firm’s year-old subsidiary, Parker’s team is pitching clients a suite of automation software to help them comply with the new law. Its document program fills out CCPArequired paperwork with a series of prompts written by Wilson Sonsini’s flesh-and-blood lawyers. Its training program will look familiar to anyone who’s had to complete electronic human resources training sessions; clients can track their workers’ progress remotely. And a third piece of software creates a digital pipeline where companies can manage requests to delete personal data.
Diese Geschichte stammt aus der December 23, 2019-Ausgabe von Bloomberg Businessweek.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 23, 2019-Ausgabe von Bloomberg Businessweek.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Instagram's Founders Say It's Time for a New Social App
The rise of AI and the fall of Twitter could create opportunities for upstarts
Running in Circles
A subscription running shoe program aims to fight footwear waste
What I Learned Working at a Hawaiien Mega-Resort
Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.
How Noma Will Blossom In Kyoto
The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking
The Last-Mover Problem
A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps
Tick Tock, TikTok
The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban
Cleaner Clothing Dye, Made From Bacteria
A UK company produces colors with less water than conventional methods and no toxic chemicals
Pumping Heat in Hamburg
The German port city plans to store hot water underground and bring it up to heat homes in the winter
Sustainability: Calamari's Climate Edge
Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment
New Money, New Problems
In Naples, an influx of wealthy is displacing out-of-towners lower-income workers