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February 20, 2025
When legal teams use outdated technology, they face multiple challenges, including rising legal costs, compliance gaps, and an inability to scale up effectively. Most often, legal professionals cite outdated design, lack of automation, and missing integrations as the most critical entity management inefficiencies.
Below, we discuss the costs of using outdated systems, outline the entity management software risks, and explore the benefits of modernizing legal technology.
When in-house counsel work with outdated legal software, teams may face one or more of the following challenges:
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According to studies, while 84% of organizations use entity management tools, 45% of legal teams express dissatisfaction with their technology.
While each organization and legal team has its own priorities, they often share similar reasons for dissatisfaction with their legal tools:
Constantly changing regulatory demands require legal teams to continuously customize their workflows and reporting.
A lack of flexibility in corporate governance software forces teams to rely on workarounds or other solutions to make up for deficient customization.
When teams lack functionality in their software, they have to compensate by using other tools, relying on manual work or memory.
The absence of compliance tracking for deadlines, org charting, auto-populated templates and other essential functionality does not allow legal teams to automate their processes, creates inefficiencies and doesn't enable scaling up their workflows.
In modern organizations, legal teams use multiple tools, including eSignature, document management systems, and other software for compliance work.
When legal software lacks integrations with widely used tools, teams cannot use it effectively and have to transfer data manually across various platforms, creating risks of misalignments and omissions.
AI is transforming how legal teams handle compliance, providing in-house counsel with capabilities to handle large volumes of data, automate their processes and cut on manual work.
Outdated legal software lacks the AI features required for legal teams and does not allow legal departments to bring their compliance work up to speed with modern requirements.
Working with modern solutions like Athennian, legal teams can eliminate manual processes, reduce legal costs and entity management software risks, and scale up effectively, assisted by:
Outdated software isn't just inconvenient—it poses compliance risks, holding legal teams back while increasing costs.
By transitioning to modern technology, in-house counsel can reduce legal expenses, minimize reliance on external counsel, and achieve scalability with automated workflows, robust integrations, and advanced AI tools.
Ready to modernize your entity management? Explore how Athennian can help you stay ahead of compliance challenges. Request a free demo today.
"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."
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