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Tag Archives: corporate legal department

10 Strategic Tips for Successful Law Department Budgeting

10 Strategic Tips for Successful Law Department Budgeting

Although law departments often tend to think of budgets as primarily tactical tools, budgets do have significant strategic value – as long as they’re the product of thorough planning and proper implementation. When thinking about implementing a budget process, it’s necessary to consider the various implications that stem from different strategic objectives. Corporate law departments can attack the challenge of ... Read More »

7 Ways to Prove the Value of the Legal Department

7 Ways to Prove the Value of the Legal Department

Note: Dan Ruderman with the strategic consulting team also contributed to this post. Proving value is always high on the list of priorities for corporate counsel. Perhaps it’s because legal services are a credence good, as D. Casey Flaherty says. There are however recognized techniques for proving value with data, processes improvement and strategy.  Here are seven ways to prove the ... Read More »

How to put Mojo in Law Department Metrics

How to put Mojo in Law Department Metrics

Note:  a version of this article first appeared in the Metropolitan Corporate Counsel magazine. Is your corporate law department sometimes viewed more as a cost center than as a key contributor to the company’s operational efficiency? It’s a common situation. Turning that perception on its head requires heavy lifting on the part of general counsels and law department operations personnel. ... Read More »

Case Study: Art and Science for the Corporate Legal Department

Art and Science for the Corporate Legal Department

Driving efficiency often requires change management – and change management “is really about people.” That’s according to VMware® VP and Deputy General Counsel Aine Lyons for Worldwide Legal Operations, as described by the Association for Corporate Counsel (ACC) in a case study about the ACC Value Challenge awards:  Scaling, Streamlining, and Succeeding:  Transforming Legal Services to Support the Corporate Vision. ... Read More »

Objectives: How Corporate Legal can Demonstrate Business Value

Practical Tips How Corporate Legal can Demonstrate Business Value

Note:  this post was compiled and edited by a team. “Until you know what your objectives are, you can’t come up with metrics.” So said Kris Satkunas, director of Strategic Consulting to a room full of corporate legal professionals yesterday during the CounselLink Annual Conference, they should focus first on identifying their objectives and use that information as the basis ... Read More »

Legal Fee Lessons Corporate Legal can take from Henry Ford

Picture_of_Charles_Proteus_Steinmetz

Note:  this post was compiled by a team (this post has been updated since publication for clarity). Charles Proteus Steinmetz was an unlikely hero in a key note speech to corporate legal attendees at the 2015 CounselLink Annual Conference.  D. Casey Flaherty, the key note speaker, opened his talk with an image of this gentleman. According to Mr. Flaherty, Mr. ... Read More »

3 Outcomes of Improving Legal Department Operations

3 Outcomes of Improving Legal Department Operations -head

Technology, analytics and process are the three drivers of corporate legal operational maturity. All three are necessary – and must work in harmony to advance the maturity of legal department operations – and the benefits can be significant. According to Justin Silverman, who leads product management for the LexisNexis CounselLink product, annual savings customers report can come in at ballpark ... Read More »

3 Drivers of Corporate Legal Operational Maturity

3 Drivers of Corporate Legal Operational Maturity

A recent survey of law departments indicated most legal departments are in the early stages of improving the maturity of law department operations. As the chart below indicates, most corporate legal departments say they have deployed technology, but still have much work to be done before having the process and technological maturity to make data driven decisions or even to predict ... Read More »

10 Telling Statistics from Optimistic Legal Departments

10 Statistics from a New Legal Department Operations Survey

A number of surveys released this year have begun to reveal a sense of optimism within the U.S. legal market.  We’d hasten to add this particular flavor of optimism is better described as cautious. Cautious as it may be, we sought to quantify that optimism.  A new survey found most legal departments think this year has been better than the ... Read More »

In Evaluating Outside Counsel, Corporate Legal says Relationships Still Matter

Evaluating Outside Counsel Corporate Legal says Relationships Still Matter - header

We recently asked corporate legal departments what they thought are the most important evaluation factors in selecting outside counsel. The answer is, as the chart nearby indicates rather resoundingly, relationships still matter. Top Factors for Evaluation Outside Counsel It’s important to note this question was a ranking question where the lower the number the better. When asked to rank a ... Read More »