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 […]

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 […]

Top 5 Entity Management Myths

Entity management can be an overwhelming task, especially when international borders are involved. A central task for legal departments is to manage the flow of information associated with the acquisition and dissolution. For each entity, the legal department has to deal with several dozen unique data points, which highlights the need for rapid access to information. The text below covers some common myths to transform entity management from a time-consuming task to time well spent.

Big Data Do’s and Don’ts for the Legal Department

One of the trending topics in the legal profession right now is big data, which loosely stated, refers to the collection of data sets so large that they can not be processed using standard data processing tools. Big data is predictive in character, allowing organizations to make decisions that will inform their strategies. In order to avoid the risks while leveraging the advantages, here are some do’s and don’ts that help you understand how big data intersects with privacy and security to impact the legal department and the business. Share

How to Ensure Your E-Signatures are Legally Enforceable

A report by Forrester Research estimated that e-signature use grows 53 percent annually, with the number of transactions that utilize e-signatures topping 210 million in 2014 and most likely go beyond 700 million in 2017. As e-signature adoption becomes more widespread in business, they are being more commonly used in legal documents. While the good news is that e-signatures are just as legally enforceable as putting pen to paper, without the right evidence they could dissolve under judicial and opposing counsel scrutiny. Whether an e-signature is defensible is dependent on three elements, independence, identity authentication, and the ability to track both modifications to signed documents and the actions of the signer. Lucky for you, the integration from DocuSign, a partner of Effacts, has all three of these components.