Examples of targets for each of these are presented. If you wait until December to think back on how well you did vs.
Usage protocols are recommended to allow the department to be cost-effective. Given this self-perception among GCs, Dattu asked the panel what steps legal departments can take to become a better strategic partner. To address these many managerial, legal, financial and organizational challenges - and achieve clarity around in-house legal department objectives, in-house legal leaders must establish a role that goes beyond merely monitoring legal matters, overseeing operations, and allocating resources.
CLOs must become more adept at collaborative budgeting of legal matters, communications, and volume management with their law firms. Legal departments do not always lend themselves to neatly setting goals like the business units, i.
Departments that rely on a corporate budgeting process to develop and test strategic assumptions are woefully under-served and typically disappointed. It may be better or more CLE training, new technology, moving people into different roles or adding responsibilities.
The opposite, is, in fact true.
The article invites corporate counsel to intervene around three elements of the law firm business model: And you should always keep track yourself and update your boss regularly as well, even if not asked. Few departments go so far as to adjust their annual plans when demand shifts, preferring instead to respond to fluctuations.
Additionally an effective strategic planning process will improve in-house legal departments relationships with their business clients and align the department with enterprise-wide objectives.
I have dumbed them down a bit for obvious reasons and some are simply statements about gathering the list yourself. But many find it a bit intimidating and therefore avoid itbecause it requires them to frame up, estimate, and confront a future that they can currently only guess at.
In-house legal departments with an effective strategy leverage their resources to enhance their effectiveness, organizational impact, and become highly cost-effective. Stress can increase when there is the perception that choosing a strategy involves decisions that explicitly limits some possibilities and options.
By way of more efficient day-to-day operations and an enhanced stakeholder value, other departments benefit from this higher level of performance.
The panel concluded that the best way for a legal department to show its value is by delivering results without compromising service levels. Talk to your clients. Core competencies for excellent performance are highlighted and cover select knowledge, skills, and attributes.
As general counsel, I needed to make sure the goals of the department lined up with those of my boss, the CEO and to get CEO buy-in on the goals we were setting. Recognize the departmental core capabilities and constraintsenabling optimal utilization of outside counsel.
An effective strategic plan will allow an in-house legal department to accomplish the following: We direct our clients through our tested strategic planning process that includes a rigorous formulation of strategic options, data-driven evaluation of alternatives, and measurements to ensure sustainable implementation.
He also fought for legal team representation on corporate-wide leadership and strategic planning teams. Few departments have introduced formal protocols to triage and turn back work from primary internal users, preferring instead to lengthen the queue and cater to unrealistic expectations for service from the legal department.
Did you find a better way to measure success? Few CLOs are pressing for any of this. Producing a high volume of legal services and counselling at lower unit costs is not the same as pursuing effectiveness and excellence.
Talk to your team. Spend time with your team and pick their brains about what should be on the list. Most legal departments collaborate with human resources in using formal systems to identify the most promising legal talent in the company.
It is the failure to plan - and therefore defaulting to reactive capabilities - that truly limits options. The key is that everyone is rowing in the same direction under the Big Five.
Legal departments fail when they become "order takers"; they need to actively identify customer needs and prioritize stakeholder requests.
What can you work on? Efficiency includes the annual re-alignment of legal resources with business plans, and doing so with a view to reducing operational support and the increasing strategic contributions.Jan 07, · The beginning of any calendar year is always busy with key administrative tasks for an in-house legal department.
My next several posts will deal with such items. Ten Things: Setting Goals for the Legal Department. Help create company wide data use plan that is compliant with law, company values, and strategic objectives.
Government Legal Department Business Plan 1 This is the Government Legal Department’s first Business Plan, following our change of name from the Treasury Solicitor’s Department on 1 April This change of name is an important and visible sign that the shared legal service that.
Legal Department Positioning & Strategy. Effectiveness is the ultimate test of the legal department. Getting the plan right is the first step.
There are roles ranging from operational to strategic which can be carried out. Efficiency includes the annual re-alignment of legal resources with business plans, and doing so with a view to. 13 Key Business Objectives For Corporate Legal Departments The corporate legal department: Is a business unit inside the corporation with its own mission, goals, objectives and budget.
One of the hardest tasks I recall was the yearly goal-setting process for the legal department, both as a member of the department and as general counsel for two companies. including "legal hold" Revise/update company business ethics policy; Create a 5-year technology plan for the legal department to increase efficiency and.
"Best-in-class" legal department strategies increase shareholder value by developing a proprietary set of actions that make the “whole” worth more than the sum of parts. In-House Legal Department Plans | Argopoint An effective strategic plan will allow an in-house legal department to accomplish the following.Download