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Legal Entity Management: Why Digitize

Legal Entity Management: Why Digitize and How to Make it Unanimous?

Recent developments have highlighted the challenges and opportunities for legal teams. Continuing on the path of efficient management and improving on what already exists often requires a digital transformation of varying degrees.

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Recent developments have highlighted the challenges and opportunities for legal teams. Continuing on the path of efficient management and improving on what already exists often requires a digital transformation of varying degrees.

Representing In-house counsel and General counsel from 85 countries on six continents, the Association of
Corporate Counsel (ACC) has highlighted the reality on the ground for many companies. In its report, “An Inside Look at Legal Entity Management Practices”, published in April 2022 in collaboration with Deloitte, it used responses from 500 companies to detail legal entity management issues. The results show that the governance of subsidiaries is of better quality when the company chooses leading practices.

Although 73% of the participating companies express dissatisfaction or a neutral opinion on the technologies used, they nevertheless recognize that they are necessary for better management.

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