The legal industry is constantly evolving and with it, so is the technology that supports it. One area that has seen significant advancements in recent years is legal entity management. In this blog post, we will explore how legal entity management is impacting corporate practice and how it can streamline processes and make them more cost-efficient.
Here’s a summary of what we’ll look at in this post:
- Legal entity management is impacting corporate practice in a big way
- It streamlines processes and makes them more cost-efficient
- It allows for easy access to information and documents, even across different time zones
- Legal entity management can connect to other areas of practice and enhance overall efficiency
The move to legal entity management has been a game changer for the corporate practice. Karen Anderson, Corporate Services Manager at Blakes, Cassels & Graydon LLP, highlights the benefits of this technology and how it is impacting the way corporate lawyers work. “It’s exciting because it streamlines the processes and it makes everything more cost efficient. We can do things in a lot less time than we did historically. And other offices can access this information. Vancouver is on a different time than us, but they can access it late in the afternoon if people are no longer available or whatever it may be.”
Watch the full interview, Legal Entity Management: Streamlining Processes and Enhancing Efficiency
The ability to access information and documents quickly and easily has been a huge benefit of legal entity management. This is especially true for corporate practices where there are a lot of documents and information to keep track of. “It also helps on transactional work because all the documents are there and you can share them in a minute. In days gone by you would have been collecting PDFs, copying the minute book, but now it’s all at your fingertips.”
What’s more, legal entity management can connect to other areas of practice and enhance overall efficiency. “Legal entity management can spread into other area’s as well, and that’s exciting to me!”
The legal industry is constantly evolving and with it, so is the technology that supports it. Legal entity management is just one example of how technology is impacting the way lawyers work and making the process more efficient. As this technology continues to evolve, we can expect to see even more improvements in the way the legal industry operates.