What is Legal Entity Management? Beyond Corporate Secretary Functions
Legal entity management transforms the lawyer’s mundane corporate secretary function into a platform to deliver better business results and improve client relations, writes Mark Little of Berkman Solutions in an article on the company’s website.
He explains that, legal entity management provides three benefits to clients:
1. Ensure compliance
2. Manage legal risk at the entity level
3. Communicate value of the legal team to the business.
“To manage legal entities in an era of increasing complexity and responsiveness requires five steps: centralize all entities on a corporate registry, track ownership details for each entity, manage officers and directors, store corporate documents with the entity details, and adapt to changing corporate forms and laws,” he writes.