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 […]

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 […]

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 […]

Using the right tech to manage compliance risk post-Brexit

posted in Compliance Management, Legal Risk Management

Are you ready to deal with the consequences of Brexit-related legislation changes from a compliance perspective? Changes to legislation governing matters related to employment, product design, trade and more, will require in-house lawyers to review their current processes and evaluate new regulatory information to mitigate compliance risk post-Brexit. If you’re unable to generate an accurate overview of your compliance processes and […]

Preparing for GDPR: What GCs need to do now to be compliant

posted in Compliance Management, Legal Risk Management, Legal Technology

On May 25th, 2018 the General Data Protection Regulation (GDPR) will replace the data protection directive of 1995 (officially Directive 95/46/EC), and it’s time for organizations to start preparing to make sure they are ready once it comes into effect. As General Counsel, it’s important that you understand the key legal obligations and risks that could impact your business. GDPR […]

An introduction to GDPR for General Counsel

posted in Compliance Management, General Counsel, Legal Risk Management

As an in-house lawyer, it’s important that you’re aware of the new General Data Protection Regulation (GDPR) replacing the data protection directive of 1995 (officially Directive 95/46/EC) on May 25th, 2018. Familiarize yourself with the new regulation and how it will impact your business with this short GDPR introduction for General Counsel. What is the GDPR? What’s the aim? The General Data […]

Replacing Excel with workflow software for legal departments

posted in Compliance Management, Contract Management, Entity Management, Legal Risk Management, Reporting

For a long time, Excel has helped many legal departments get organized and make sense of their data. Excel is often the first tool we reach for to compile data, calculate, and share results on a full range of matters, from contract deadlines, claim status, or data to identify risk. However, once data is plugged into a spreadsheet, we often find ourselves wanting […]