Three Models for GCs to Outsource Legal Entity Management

The complexity and effort to maintain global subsidiary entities that are in “good standing” and “deal ready” becomes significant as the corporate structure grows and expands across borders. There are three main configurations that legal departments use to manage their subsidiary entities: direct manage, partially outsourced, or fully outsourced. The appropriate configuration depends largely on the volume and complexity of your corporate structure. 

Regardless of the service delivery model your organization proceeds with, the key to a successful entity management program is alignment and adoption of the entity management software platform by your internal legal, tax, and finance teams. 

According to a recent EY report, 96% of legal departments report issues with their legal entity management software. 72% find it difficult to keep systems updated, and 62% found it challenging to track governance activity statuses. 

These issues arise from two related challenges: “ineffective implementation and an organization’s dependency on older systems [Diligent Entities, GEMS, Secretariat, hCue, EnGlobe, etc.] that lack the user interaction and interface of modern technology.”
Most legal entity management software installed in large legal departments was built in the 1990s and suffers from poor user experience and data architecture that creates friction into user adoption. Indeed, James Stantonian, a leading user experience designer, provided an eye-opening review of the realities of using outdated entity management software:

We also learned that the system [Diligent Entities, formerly Blueprint] was so complex (a product of its meandering and ad-hoc development) that administrators were afraid of letting people add or edit data for fear it would compromise it, and thus became human bottlenecks.

Learn more about how Athennian can help you scale business entity management? Book a demo here

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"Very easy to use, modern interface, excellent support. Athennian has an amazing conversion team. They helped us migrate all of our data and the training was very good."

Megan W, Director

“When we were reviewing other entity management systems on the market, in some cases, we were not comparing apples to apples. But with Athennian, there was really no comparison. The paralegals were so excited to come on board.”

Linda Escobar, Senior Paralegal

"There are so many things I like about this program, but the one thing that really stands out is the user friendly interface. The program is fast and allows me to enter corporate information very quickly and efficiently. I would also like to note that Athennian provides the most the fantastic customer service."

Kelly R, Corporate Law Clerk