Running the Legal Department with Business Discipline: Applying Business Best Practices to the Corporate Legal Function

Liam Brown (), Kunoor Chopra (), Pratik Patel (), Jack Diggle (), Peter Eilhauer (), Suzanne Ganier () and Ron Dappen ()
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Liam Brown: Elevate Services, Inc.
Kunoor Chopra: Elevate Services, Inc.
Pratik Patel: Elevate Services, Inc.
Jack Diggle: Elevate Services, Inc.
Peter Eilhauer: Elevate Services, Inc.
Suzanne Ganier: Elevate Services, Inc.
Ron Dappen: Elevate Services, Inc.

A chapter in Liquid Legal, 2017, pp 397-421 from Springer

Abstract: Abstract Running a successful business is difficult—ask any CEO. First you must face the reality of where you stand today. Then you need to develop a point of view about where you want to be in the future, by when, and design a strategic plan that sets out what you will do to get there—but just as importantly, what you choose not to do. You must prioritize the initiatives you will focus on, sequence their order, and build consensus, alignment and buy-in—both internal and external to the department—without which your plans will not succeed. Then you must execute. You must constantly measure, improve and course correct. You must analyze and manage your costs. You must scan the technology horizon in order to respond to threats and take advantage of opportunities. You must recruit, train, retain, and even inspire your people. You must decide what to build and what to buy. And you must do all these things at the speed of business! This article examines how leading legal departments are tackling the “more for less” challenge that they face by adopting applicable business disciplines from other corporate functions.

Keywords: Consulting; Legal ops; LPO; LSO; NewLaw (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/978-3-319-45868-7_25

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