Florida is one of the states which has formally approved cloud computing. According to the Florida Bar Opinion, attorneys can utilize cloud computing "if they take sensible safety measures to make sure that confidentiality of the customer data is perfectly maintained" and keep the track of changes in the technology and law. The attorney also needs to explore the best service provider available and needs to ensure that this company provides the required security, sufficient access to the data stored remotely, and performs backups up of the data to an offsite location.
For those looking to keep informed as to how technology security is effecting the bottom line check out this Article. A case study shows that for every $1 spent on technology security returns $10 in risk reduction. They also bring up a valid point that when you move your office to the cloud the cloud provider ensures the security. One thing to look for in selecting a cloud provider is their security rating, I recommend a SAS 70 rating and encryption specifications. A great way to save money and add security is moving your office to a secure cloud.