CLOC: Legal Operations need to assess vendors’ cybersecurity

posted in Cybersecurity, General Counsel

Legal Operations need a standard way to assess the cyber-security of third party vendors, including law firms & technology providers, that according to CLOC. In a post-conference report by CLOC (Corporate Legal Operations Consortium), it was noted that legal operations’ knowledge of cyber-security is typically limited. They emphasised that when talking about corporate legal operations and cyber-security, it’s not only about data housed in the company […]

Creating an effective data breach management plan to reduce risk

posted in Cybersecurity, Data Privacy, General Counsel, Legal Risk Management

According to a recent ACC survey, 70% of CLOs rate protection of corporate data and managing data breaches as an extremely or very important issue to address over the next 12 months. What’s more, 27% had experienced a data breach at their organisations within the past two years, up from 23% in the previous year’s survey. Of course, with an […]

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 […]

The growing role of the GC in preventing data breaches – being proactive, not reactive

posted in Cybersecurity, Data Privacy, General Counsel, Legal Risk Management

Data security is a growing focus for companies and it is no longer just an IT issue. According to a Legal Week Intelligence report, nearly 50% of General Counsel say planning for cyber-security incidents and responding to breaches is now part of their job – a figure that is likely to go up as the role of the GC expands […]

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 […]

CASE STUDY: How CitizenM improved productivity in Legal and across entire organisation

posted in Contract Management, E-signature technology, General Counsel, Legal Technology

Many General Counsels find themselves inundated with administrative tasks, thereby taking them away from assuming a more proactive role in the business. All too familiar with this predicament, Hein Bijl – General Counsel of CitizenM – was glad to see the back of spreadsheets and manual processes when the company adopted a smart legal repository for managing all their legal […]

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 […]

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 […]