Global Market Insite, Inc. (GMI) provides technologies and processes that make global research easier, faster and more cost-effective for market research professionals. So, it’s no surprise that the company wanted to enjoy these same benefits when it came to tracking their stock options. After deciding to take this task in-house—with the assistance of Corporate Focus—GMI’s legal team is enjoying enhanced efficiency as well as incremental cost savings that pay big dividends over time.
Corporate Focus satisfies Express-1's requirements for a stock option administration and FAS 123R reporting system that was comprehensive, reasonably-priced, and easy to learn. In the end, it reduced their equity compensation audit time from days to hours.
Corporate Focus enables high-tech finance department to simplify their audit process and focus on growth. As a result, OutStart gained better control, faster reporting, and lower outside legal fees.
Tracking the entity and ownership information for Dart’s family of global companies had proven to be quite time-consuming. Creating paper reports and updating those reports was repetitive and inefficient, and the information was frequently out of date. The company’s legal team had too little control over the quality of the information being maintained—and even less control over who had access to this information. Now, with Corporate Focus, there's a centralized data repository. Dart’s staff can easily share information and documents with people across different departments and locations.
Using Corporate Focus reduces the risks associated with manual stock plan administration. The shift to fast, efficient electronic stock data management yields better communication, substantial time savings, and improved compliance.
Recently, GRH Law implemented Corporate Focus to help streamline the start-up process and prevent unnecessary pitfalls. To the extent possible, George Halsey and his staff now work in a paperless, online environment - and they foster that same level of effciency, accuracy and seamless sharing with their legal clients. George says that traditionally, the start-up process leaves company principals and lawyers overwhelmed with paper records. To remedy the paper issue from day one, GRH Law keeps all of its client documents and processes online in “the cloud,” where the information is immediately accessible to the right people who have secure access. According to George, Corporate Focus is a key component of GRH Law’s services designed to reduce the legal-related costs of bringing a start-up to Series A.
Prior to Corporate Focus, Bingham McHale realized that efficiency was lacking in certain areas of its operations, which made servicing clients an uphill battle. To address its business process challenges, the firm implemented Corporate Focus which it now uses to organize and manage its clients' entity information, ownership records, capitalization tables, and minute books. As a result, Bingham McHale has essentially achieved the "magic formula" when it comes to legal services delivery. They've streamlined the management of complex entities and transactions, resulting in less wasted time. And, they’ve given their clients the ability to access their own documents, empowering them to control more of their administrative functions in-house.
Like many other corporate law firms today, Shulman Rogers was finding it increasingly difficult to manage the large volume of documents and data related to its clients’ entities. Scattered paper records and labor-intensive manual processes made it difficult for attorneys and paralegals to quickly find the basic information they needed to do their work. To increase efficiency and raise the client service bar even higher, Shulman Rogers made the decision to implement Corporate Focus to organize and manage its clients’ entity information, ownership records, capitalization tables, minute books, and more. The firm’s objective was not only to be able to answer client questions quickly and accurately, but also to simplify complex calculations and reporting.
Several years ago, Ashbaugh Beal faced three major problems: inefficient workflows, no minute book sharing capabilities, and excessive use of spreadsheets. As a result, the firm made the strategic decision to implement Corporate Focus for entity life-cycle management. Now, the firm has complete minute books and capitalization tables for every corporate client stored online. They've even added another layer of efficiency by empowering clients to quickly answer their own questions with Corporate Focus' self-service functionality.
Since the implementation of Corporate Focus three years ago, Gesmer Updegrove has scanned in the corporate information, ownership records and minute book documents for about 500 companies. It has generated a ripple effect of benefits across the entire firm, allowing Gesmer Updegrove to support more clients more effectively—with the same or fewer resources.
By having all its clients' ownership and governance information online, Pierce Atwood LLP attorneys and clients are simply more productive. Clients experience a higher standard of legal service whether it's direct access to their information or lower legal bills. The firm just calls it good business, since when clients are impressed, it translates into more new business.
At Sterigenics, one-man legal department consolidates governance records and contracts: builds credibility with board members and auditors.
McGuireWoods LLP uses Corporate Focus to deliver faster answers and better legal advice and proves technology can foster more productive client relationships.
Corporate Focus helps Morse, Barnes-Brown & Pendleton, P.C. win on four key fronts: competing for client business, improving productivity, recruiting talent, and reducing risk.
Spencer Fane ties all its corporate client activities together using Two Step's Corporate Focus.
Corporate Focus helps the Corporate Secretary's office focus on "real work" and helped Acuity Brands tame their ownership tracking.
Blank Rome upgrades its home grown entity tracking system to Corporate Focus, adding a powerful client services tool with the web browser module.
Morrison & Foerster expands its Corporate Client Services with Corporate Focus.
