FVP Managing Partner Kārlis Vītols shares his views with TOP500
ZAB “Fogels, Vītols un Paipa” Managing Partner Kārlis Vītols has expressed his opinion on 2014/2015 trends in business and the legal industry in the 2015 edition of TOP500.
“(..) The General Data Protection Regulation will see the light of day very soon, and it will be implemented identically by all European Union member states. The current European Union Data Protection Directive, which was developed back in 1995, is obsolete and cannot keep up with the fast pace of technological development seen today.
It would be a welcome forward-looking practice for companies to already start preparing to implement the data protection regulation, review, study, gather and systemise available technological tools and documentation that will be affected by this reform (..)”
“(..) alongside market demand, serious changes have begun in the legal field, which will eventually result in much more modern offers for the client. In the nearest future, fixed and predictable expenses on everyday legal services should become a much more widespread occurrence (..)”