The Day of the Practice, a conference organized by the Belgian Institute of Company Lawyers, took place on May 21st in Brussels. It was a unique occasion to learn about and discuss the topics and trends that will strongly impact the legal profession in the future.
The different practice groups organized sessions in their fields of competence covering subjects such as GDPR, IT and legaltech, compliance, corporate law & governance, criminal law & proceedings, dispute resolution, social law, international company law and public procurement.
Leaders League attended the panel on M&A entitled Typical Process, chaired by Sofie Beernaert, legal counsel at Manuchar, a Belgian global logistics and distribution company. The session provided an introduction into the basics of the M&A process, from planning to post-transaction integration. The panel was a practical example of the type of complex transaction in which legal departments are often involved. Thanks to their expertise, the panelists were to give useful tips to the audience on the choice of the counsel, on how to organize due diligence and on how to negotiate a share purchase agreement.
During the event the organizers paid particular attention to the link between law and technology. The legal landscape as regards technology is changing rapidly. Last year investors pumped millions into startups in the legal field. The panel How to implement Legal Tech, saw Andrien van den Branden, a former IPIT lawyer and founder of Law for Tech, explained what kind of legaltech are out there in the market by mapping the global legaltech landscape. He has also gave tips and tricks to the audience. The most important tip for company lawyers was summarized as: “Build your legaltech project from the inside, pull legaltech in don’t let them push in.”
Another sensitive topic that continues to challenge the legal profession is Brexit. A case study on how Brexit might impact Pan-European business, was presented by Nicholas Bridgland, head of legal at ScanSource. The session touched on all the complexity and uncertainty that multinational cross-border businesses face in regard to the Brexit process.
The next event organized by the institute will be the Day of Company Lawyers to be held in Brussels on November 14th.