How to calculate your business risk using a Risk Assessment Matrix

posted in Compliance Management, Entity Management, General Counsel, Legal Risk Management, Reporting

Pulling together a risk management plan for your company is no easy feat. Firstly, you need to properly identify the full gamete of risks that could impact your business. Then gathering and compiling all the necessary information requires time and resources. But arguably the most important step of all is calculating the level of risk by creating a Risk Assessment […]

Due Diligence Report – Real Estate and IP – proving your net worth

posted in Compliance Management, Contract Management, Entity Management, General Counsel, How-to, Reporting

Think you could turn around a prompt and thorough due diligence report verifying your company’s net worth if a potential investor or buyer came along? It is estimated that every year 7.5% of all company documents are lost and 3% are misfiled at a huge aggregate cost to businesses to locate or recreate these files. Not to mention that failure […]

Due Diligence Reporting – commercial records & contracts, claims & compliance – are you ready?

posted in Compliance Management, Contract Management, Entity Management, General Counsel, Reporting

Whether you’re a start-up or working for a well-established enterprise, one day you could find yourself lumped with the onerous task of due diligence reporting for a potential buyer or investor – and you’ll want to be prepared. If the preparation of due diligence falls on the CEO, CFO or sole Legal Counsel, it always pays to have a checklist of the […]

How small legal departments can cope with an increasing workload

posted in Cloud technology, How-to, Legal Innovation, Legal Technology

If you think your job is more demanding and time consuming than a year ago, you are not alone. About 3/4 of in-house lawyers say workloads have increased compared to 2016. The question is, how can small legal departments cope with this increasing workload? For small legal departments that lack the budget to increase headcount or outsource legal work, this […]

GDPR: Choosing the right tool to manage personal data

posted in Cloud technology, Data Privacy, Legal Risk Management

Are you searching for a tool to track and manage personal data within your organization? As the deadline for GDPR compliance approaches, the pressure is on to have systems and processes in place that keep data safe and help you mitigate the risks of a data breach. Obligations for both data controllers and processors have increased in comparison to the 1995 Data Protection […]

GDPR: Does your business need to maintain data processing records?

posted in Compliance Management

As the compliance deadline approaches, legal departments are working with other departments in the company, like IT, to ensure that infrastructure and systems help your organization meet the new GDPR requirements. New requirements under the GDPR relating to data processing record keeping represent entirely new challenges for legal departments and data protection officers. The GDPR stipulates broad requirements regarding the documentation and proof of compliance. Controllers […]

Best Practices for Managing Data Privacy

posted in Legal Technology

Do you know exactly where your organization’s information is stored, and how? If you answered “no” or “not sure,” you have some work to do. Protecting data has become a complex task for organizations not due to the sheer amount of data, but also because of concerns about where and how the information is stored. Organizations that fail to protect their data and that of their customers suffer the consequences, rangign from hefty fines, lawsuits, and negative publicity. Here are a few best practices your organization can adopt to protect their information:

Top 10 Blog Posts of 2017 for in-house legal teams & General Counsel

posted in General Counsel, Legal Technology

As we look back at the past year, we thought we’d count down the top 10 blog posts of 2017 for in-house legal teams and General Counsel. Which were the topics that raked up hundreds of reads? Which tips were the most shared across email and social media? Keep reading for the top posts of 2017 and click through to read the […]

Legal Department Trends for 2018: Cyber-security, GDPR and more!

posted in Compliance Management, Contract Management, Entity Management, General Counsel, General News, Legal Technology

What trends will impact your small legal department in 2018? When we look back at 2017, it has been a year marked by changes in regulations (i.e. GDPR), legislative uncertainty (i.e. Brexit) and cyber threats (i.e. ransomware attacks). As such, the role of in-house lawyers has evolved – and in 2018 this evolution will be even more apparent. In 2018, […]

What in-house lawyers need to know about data protection impact assessments (DPIA)

posted in Compliance Management, Cybersecurity, Legal Risk Management

As the deadline for complying to GDPR looms, many in-house lawyers are asking “Do I need to conduct a DPIA?”. Art. 35 GDPR introduces the data-protection impact assessment (DPIA) as a new instrument in your data protection toolkit. A DPIA serves to identify and evaluate risks within an organizations processes and systems, in order to keep the privacy of data […]