CASE STUDY: How Vebego got entity management under control

posted in Entity Management, Legal Technology

As legal counsel, staying on top of corporate housekeeping can be your biggest challenge, especially when it comes to entity management. As the central point for managing corporate records, company structure, compliance and risk across multiply entities, you want to be accurate and thorough in all that you do. And this can be hard if your info is spread across […]

CASE STUDY: How GNT Group built an efficient legal department with effacts

posted in Contract Management, Entity Management, General Counsel, Legal Risk Management, Legal Technology

Along with company growth comes the growth of obligations, and of course risk. That’s why a company starting out as a small local operation and growing into a large multinational soon finds themselves lacking the legal support they need. And then comes the question of how to set up the first legal department and exactly what is required. A perfect […]

CASE STUDY: How MSD improves contract management with effacts

posted in Cloud technology, Computable Contracts, Contract Management, Entity Management, General Counsel

For companies operating several departmental databases, there is the prevalent issue of decentralized contract management whereby contract information is scattered around the buisiness. And should a potential investor come along or a merger take place, that issue becomes a big problem – especially for the legal department. This very well could have been the case for Elisabeth Hondius, legal head […]

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 […]

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, […]

Going paperless: 8 steps to digitize your in-house legal team

posted in Cloud technology, Contract Management, E-signature technology, Entity Management, IP Management, Legal Risk Management, Legal Technology

In the most basic sense, going paperless means we use software to create documents, we send them via email instead of printing and mailing, and we store them in digital format instead of in filing cabinets. Replacing paper with technology saves us time and money, making us more efficient and effective. While the advantages of a paperless, digital office are hard […]

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 […]

Preparing your startup for due diligence

posted in Compliance Management, Contract Management, Entity Management, IP Management, Reporting

Preparing for due diligence can be an all-consuming task for a startup. A potential investor or buyer might demand a long list of legal documents: board meeting minutes, articles of incorporation, the top 50 customer vendor agreements, the historical ownership structure of the company, and more. It’s up to your team to pull everything together in a timely manner to […]