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Litigation management Risk management LBAct® /LBDoc® Financial Reporting

Risk Management

Legal risk is closely linked to technical, financial, commercial, media, risks, etc. which are potential threats. In other words, a company must have a global approach and rely on many areas of expertise to properly manage risks.

Risk management consists of distinguishing between insurable risk and uninsurable risks the latter having a greater potential on the financial results of the company. Having insurable risks induces the need to put in place procedures for coverage, adequate guarantees and the management of future claims. Considering the size and complexity of larger companies, these responsibilities are difficult to manage without resorting to new technologies.

It is with this idea in mind that Legal Suite added two modules to its risk management solutions: LS LITIGATION and LS RISK MANAGEMENT.

The LS REAL ESTATE module is also frequently added to this solution providing the user complete and overall control of all possible risks associated with the company’s real estate.

Key steps to manage risks with the Legal Suite:

Challenges Solutions
    • Detect
    • Report
    • Follow-up on
    • Alarm
    • Valuate
    • Process  
    • Summarise

• « Legal answer »
• Statistical reports
• Workflows
• Alarms
• Evaluation of stakes
• File management
• Financial statement

 

Corporate Solutions

Apave (a French Consulting Agency) improves its risk management thanks to Legal Suite.

"When we receive documents it is necessary to be very reactive: the software makes it possible to identify immediately which file it concerns. It is rather simple but requires that the tool be well configured at the beginning”, explains Claire Ponsin for whom this type of tool has allowed to insure a perfect management of litigation files…


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Editor of corporate legal software, LEGAL SUITE specializes in the development of IT tools for corporate counsel. We suggest that you take a look at our integrated management software dedicated to improving corporate governance.