Taking into account the different needs of our clients, Argopoint uses a wide range of management consulting tools to achieve tangible results. Benchmarking, industry best practices, process improvement, external consultant management and legal analysis are just some of our many services that enable us to tailor impactful results and meaningful change for our clients. Argopoint works directly with legal leaders and stakeholders at all levels to ensure effective strategies are developed and implemented. Argopoint`s strategies are sustainable and promote both effectiveness and efficiency. Our approaches, based on deep industry knowledge, have helped many legal departments overcome internal and external challenges. At TCS, we know that our most valuable asset is our people. It`s important to ensure that we continue to set goals that motivate people to develop and develop their skills, succession planning, enabling movement and adding responsibility. Everyone should feel that they have something to aspire to in the organization, the opportunity to lead in their respective areas of interest, and that they can contribute to the goals of the department. Transparency of department and management goals is key to ensuring everyone is on the same page. When it comes to hiring, developing and retaining top talent, corporate legal departments must compete with law firms and the public sector, even though many law graduates do not consider in-house positions to be their first choice (Figure 5).
Many rightly believe that promotions within a legal department can be rare. Increasingly, mid- and senior-level positions are now filled by lawyers in private practice. This mostly one-sided traffic from private practice to industry means that many qualified individuals can compete for an open position, making it increasingly difficult for in-house lawyers to climb the ladder. With that in mind, here are some examples of the most common goals that forward-thinking legal departments aspire to: General Counsel can use several metrics to measure lawyers` performance. Among the most important are the number of cases opened and closed, the amount spent on external legal services and the cycle time per case. The operation of “Lean” solves two problems for the objectives of the corporate legal department. First, it helps address concerns about return on investment and cost certainties. Second, centralization, when properly streamlined, improves efficiency while maintaining or improving the quality of service. Gone are the days when tasks within a large company could be neatly divided into departments. Today, everyone from CFO to legal needs to be ready to understand the top issues and challenges across departments. They must also be able to act decisively when a rapid response is needed. Many legal departments employ operations managers to manage human resources, external consultant relations, legal fees, and a variety of other tasks in their day-to-day business operations.
The addition of this position allows the internal consultant to focus more on pressing business issues. Because we work closely with general counsel and their teams across industries, they often wonder what structure and processes best prepare the legal department for change. While each situation requires tailored analysis and recommendations, we believe there are four general imperatives that should be at the forefront of any general counsel creating a next-generation legal department: Similarly, consider the effectiveness of contract management, eDiscovery project management, the number of documents reviewed, or the legal issues studied for legal staff. Corporate law departments play a unique role in business and legal matters. While they exist to provide legal advice to internal clients and protect the company`s legal interests, they must also constantly consider financial issues, such as cost control. At Assigned Counsel, all of our legal recruiters are licensed attorneys. Therefore, we know how important it is to have the qualified members of the legal team you need exactly when you need them. To learn more about how we help our clients reshape their legal composition, contact us today. These five themes allowed me and everyone else to develop specific goals at each point. This process worked well for the entire department (US and international staff) and was easily customized by different departments in the legal department or by lawyers/staff members. The key is that everyone among the Big Five is rowing in the same direction.
With that in mind, you can start as follows: Legal management has a number of goals: Using metrics to assess productivity in the legal department can help a general counsel identify employees who meet or miss department expectations, find ways to improve team performance, and identify top performers. ✔ How Legal Values and Business Goals Affect Partner and Company Selection While it`s important to manage your corporate legal department`s budget, cost reduction doesn`t benefit a legal department where the remaining funds are spent inefficiently. Cost certainty and return on investment are central issues for corporate law departments, both internally and in the context of the company as a whole. For example, artificial intelligence can speed up the process of creating legal documents using automated search, translation, document creation, and pre-fill tools. Today`s machine-reading algorithms can also review thousands of documents in minutes, freeing lawyers from repetitive, low-value tasks and freeing them up for high-quality analysis and advice. These and other new solutions can help legal counsel overcome capacity constraints. Given the enormous amount and value of data available today from public and private sources, most next-generation legal departments will need data scientists who can leverage it.