Press Release
LegalComplianceFebruary 03, 2021

Wolters Kluwer CT Corporation survey reveals how corporate law departments evolve as companies expand internationally

February 10 Webinar will cover transformation strategies and industry trends

Corporate law departments are evolving and global growth is the biggest driver.  Maintaining compliance given the variety of global regulations and jurisdictions is a challenge that requires innovative approaches. That’s according to the IDC InfoBrief, sponsored by Wolters Kluwer CT Corporation, “Modernization of Corporate Legal: How and Why Is Legal Changing.”

IDC interviewed more than 100 general counsel, associate general counsel, and corporate secretaries from large multinational organizations.  These enterprises struggle to manage the volume of legal entities comprising their global organizations. Notably, legal corporate compliance is seen as the top area requiring future resources by 47.5% of respondents. Most companies outsource some legal department responsiblities to managed legal service provides and many are considering outsourcing entity management and legal corporate compliance.  

“As companies expand globally, the law department has to manage additional compliance responsibilities while also under pressure to increase efficiency. Our customers find that outsourcing international entity compliance saves money and gives their professionals more bandwidth to focus on high value tasks,” said Domingo Vazquez, Vice President and Head of Corporations for Wolters Kluwer CT Corporation.

On February 10, CT Corporation will host a webinar with guest speaker Senior IDC Analyst, Ryan O’Leary, Esq., as he deep dives into insightful takeaways from the survey, including:

  • Key drivers on why corporate legal is changing
  • Where the most future resources will be needed and why
  • Top three strategic transformation mechanisms
  • Recommendations on how to stay at the forefront of legal trends and technologies

For more than 125 years, Wolters Kluwer CT Corporation has been the leading provider of registered agent services, incorporation services, and legal entity compliance. With a global reach into over 190 countries, more than 75 percent of Fortune 500 companies, 95 percent of AmLaw 100 law firms, and 350,000 small businesses trust CT to handle their compliance needs.

About Wolters Kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the health, tax & accounting, governance, risk & compliance, and legal & regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.