We offer a variety of services to support companies navigating the alternative data space. With years of experience advising clients across many sectors on the acquisition, use, and monetization of alternative data, we understand the legal and business risks surrounding these activities and can help companies mitigate them. We are happy to provide any combination or tailoring of the services listed below, or discuss other ways we can assist your company.
Alternative Data/Webscraping Training
We provide training to discuss legal issues related to webscraping and alternative data, including:
- Alternative data categories and key questions
- Legal framework for webscraping and other alternative data sources
- Risk mitigation and policy considerations
- Considerations for using third-party vendors
Trainings typically last 60-90 minutes, including time for questions, and we can also provide a copy of the presentation slides in addition to our standard due diligence questionnaire and model contract clauses.
Development of Internal Webscraping Policies & Procedures
We develop internal webscraping policies and protocols to capture clients’ unique approaches to in-house webscraping activities and other alternative data use practices. We often prepare these following an alternative data/webscraping training, but they can also be developed independently.
Alternative Data Vendor Management Process
We work with clients to develop and formalize internal processes for evaluating and vetting alternative data vendors. Our vendor review process begins with an introductory conversation to identify the different vendors a client is using or considering engaging. We then develop a classification scheme based on the type of information the vendors are collecting and providing. For each vendor category, we can provide content-specific due diligence questions and recommend contractual clauses for inclusion in vendor contracts.
Alternative Data Counseling
We are available to answer questions and provide general counseling on issues pertaining to alternative data acquisition and use. Counseling can include reviewing specific vendor contracts and responses to vendor diligence questionnaires, assessing the relative risk of internal or externally run scrapes, or otherwise assisting in the vendor diligence and engagement process. This work is can be conducted hourly or on a per vendor basis.