Top 5 challenges facing corporate legal counsels: part 2—regulations and enforcement

The translation supply chain is often the hidden weak spot in an organization's data compliance, and privacy and data security implications around using public MT platforms have become a significant concern for global companies in any serious corporate governance initiative. But this is not the only challenge facing corporate in-house legal counsels…

Learn more about how privacy and data security is affecting corporate counsels in the first part of this blog series.

#2: Regulations and enforcement

Regulatory uncertainty and the emergence of complex global challenges are keeping corporate counsels challenged. Regulatory and governmental changes are critical issues, and uncertainty as well as jurisdictional variance, are the two key challenges confronting in-house lawyers when handling regulatory and enforcement matters. This uncertainty arises from change in regulatory language, enforcement, or new regulations. Jurisdictional variance, on the other hand, includes concerns about differences in regulations across jurisdictions and the difficulties ensuring compliance in cross-border transactions. 

When dealing with legal documents, a distinction must be made between the linguistic form and the content. SDL employs legal linguistic experts in both the local language, and legal terminologies, with expertise in a variety of legal practices. SDL helps legal counsel lower their risk profile by aligning the correct resources to the project and ensuring higher quality. Additionally, SDL aligns with your law firms so that clients can gain efficiencies of scale by closing their supply chain and working with one global vendor on all legal translations. 

SDL technology enables teams to manage client specific terminology and align with local regulations. Where multilingual documents are concerned, further complexities arise. Legal departments continue to update internal and external documents and files that require rapid and accurate translation. By closing the supply chain, SDL can align and reuse translation memory across all documents and files, creating time and process efficiencies, yielding better compliance rates, and faster time to market for all documentation. 

To find out how SDL can support your localizations and linguistic strategy, please visit our legal pages, which will provide more insight on what we can do for you. Alternatively, if you are in Korea, visit us at the IBA Annual Conference Seoul 2019.

Keep an eye out for the next post in this series on how to address concerns around litigation.