Legal department management falls to legal department leadership and includes many managerial, financial, and organizational challenges; effective legal leaders go beyond merely monitoring operations, to provide strategic value-add to departmental activities.
Legal Department Management
Legal Department Management: Overview
The most powerful legal department management strategies bolster shareholder value by developing a proprietary set of actions that make the “whole” worth more than the sum of its parts. All tactical decisions of the legal department should align with a high-level legal department management plan that is based on clear objectives. It is imperative that the plan provides both long term direction and boundaries. Using an array of strategies developed over years of working within the industry with Fortune 500 corporate legal departments, Argopoint is able to effectively formulate and implement tailored management solutions for corporate legal departments. Argopoint creates customized strategies ranging from cost-cutting to industry overviews for our clients using industry best practices and cutting- edge services developed through years of experience.
Legal Department Management: Objectives
Corporate legal department management encompasses an array of objectives:
- C-level management: The general counsel typically reports to the company CEO or president. The general counsel has a high degree of accountability and visibility within the organization. Organizational accountability can be managed and optimized using Legal Department Management methods.
- Legal matter management: The general counsel will usually oversee all legal and external affairs matters including litigation, investigations, compliance, mergers and acquisitions. It may require assistance in this process.
- Corporate role management: The legal department is a business unit inside the corporation. As a non-revenue generator, the department must continually demonstrate how it adds-value within the company through the use of reports, tools and key metrics.
- Stakeholder management: The legal department must interact with internal clients and departments, subject matter experts, regional and overseas offices, outside counsel, consultants, and government and regulatory bodies. Diverse key stakeholders must be managed.
Legal Department Management: Savings and Solutions
Argopoint's experience within the industry allows us to gain a unique understanding of the increased pressures placed on corporate legal departments. The changing pressures and increasingly impactful decisions made by legal departments create a dynamic in which management becomes crucial. Argopoint tailors solutions to each corporate legal department, analyzing costs and looking at both short- and long- run goals and forecasts to effectively encompass the needs of our clients in our strategies.
For many companies, cost cutting measures are rarely invoked effectively and/or originally. The normal un-innovative standard would be to cut most standard costs. For instance, the first techniques a company would implement are “cutting practices.” These practices range from staff reductions or lowering outside counsel rates. These techniques can be effective, but more often are not enough. Argopoint strategically works directly with corporate legal departments at all levels to ensure effective strategies are devised and implemented. But, above all, Argopoint’s strategies lend themselves to be sustainable, long lasting, cost reducing and efficiency increasing. Our approaches, based on industry expertise and data, have helped many legal departments overcome both internal and external problems by effective Legal Department Management. For a list of specific services we provide, please check our services section from the top bar. Efficiency data that we receive from companies combined with benchmarking metrics and a long standing experience in the field provides the opportunity to help Legal Department Management in recognizing points where there are opportunities to increase in house effectiveness. Data on user satisfaction can show the General Counsel the areas where most of the internal value is created in non-monetary terms, which can effect Legal Department Management strategy creation. Cost data collected internally or via our tools can provide insight to the internal connections and workflow within the firm. This external insight will help streamlining the Legal Department Management process when combined with our expertise and innovative results driven approach to Legal Department Management Consulting.
Taking into consideration the various needs our client may have, Argopoint uses a wide array of tools to ensure delivery of tangible results in Legal Department Management. Benchmarking, industry best practices, outside counsel management and legal analytics are just a few of our many services that allow us to tailor genuine deliverables for our clients. More specifically, Argopoint centers on implementing customized strategies for legal department management of the company we work for. These are not run of the mill strategies. These are optimized strategies to bring most effective results. Our Benchmarking strategies have helped many companies in their legal department management strategy creation and implementation. Our experience in benchmarking provides useful metrics to compare with the industry standards. This enables us to insulate a company from liability by better data management. We can use our benchmark comparisons to help with varied aspects of legal department strategy planning such as outside counsel management and leadership transformation. In having the data and the expertise to analyze it, we can help firms get the most of their outside counsel help and offer any suggestions if needed. For firms going through leadership transformation and firms who are looking to improve their workflow, similar strategies can tell whether a leadership transformation would assist in creating different ranged solutions. Consecutively, our experienced team will help in suggesting surgical changes to current structure within the department. Our work with Fortune 500 legal departments has proven the effectiveness of our strategies in cost cutting and efficiency improvements, while also allowing us to create cutting edge services from our time working side- by- side with corporate legal departments.
Argopoint understands the risks associated with receiving external help regarding Legal Department Management. Above anything else, we respect data we receive from our clients. And to keep information secure, our industry leader data security and non-disclosure agreements, at every level of corporate interaction, assure that names, data, and profile information are nothing less than completely secure in Argopoint, LLC. All legal department management questions and decisions are clearly executed with industry knowledge. However, Argopoint does not reference any real entities associated with this knowledge. Furthermore, we understand the value of the deadline given to us by a general counsel. Specifically, in our work, we have dealt with numerous constricted deadlines to aid with various issues regarding Legal Department Management and we have always abided by deadlines that we agreed to. Argopoint takes these matters with the utmost priority. We also understand that some departments may be afraid of inefficiencies within consulting large litigations. Due to our abundant experience with large litigations, Argopoint will not be bogged down by these lawsuits in the legal department management process.
Key Questions for Corporate Legal Departments Considering Legal Department Management Solutions
1. Does your in-house legal department have a formal strategic plan that adds noticeable value to the organization? Or does it simply fill procedural requirements?
2. Are there objective performance metrics put in place to help evaluate your department’s performance across a broad range of critical strategic objectives?
3. What strategies are currently being used to improve efficiency and lower costs? Is there a plan in place for the short run? The long run?
4. When was the last time you assessed the operational and cost efficiency of your legal department?
5. Has your legal department considered practices such as RFPs, Benchmarking, and Legal Analytics, but were unsure of where to start?