Legal management, or the management of subsidiaries and shareholdings, is certainly the process that has evolved most in the function of legal director, thanks to legal software.
In a context of accelerated globalization and the internationalization of companies, the legal jobs are forced to adapt in order to remain in compliance with ever-changing standards, the increasing complexity of which represents a real challenge. So are the constantly changing internal regulatory and operational requirements.
THE COMPLEX ROLE OF THE LEGAL DIRECTOR
For the legal director today, carrying out these operations requires centralizing information relating to:
- Companies (list of subsidiaries and shareholdings, legal, financial and accounting data)
- People (agents, shareholders, third parties, experts)
- Third party institutions
The legal director must also take into account the governance rules and legislation of all entities of the group that are located abroad. These new requirements involve the use of a centralized software and the construction of a dedicated legal organization chart.
To achieve this, an accurate and efficient legal software is essential for methodical subsidiary management and shareholdings.