INNOVATIVE SOLUTIONS BY GCs FOR GCs

The Modern Law Department has a new mandate in addition to its traditional focus on risk mitigation and cost containment. Its value is now also being assessed against its ability to contribute to the advancement of key organizational strategic objectives, just as is the value of the Finance, HR, IT, Sales, and Marketing departments. Successful completion of legal work is not the yardstick. Itʼs table stakes. As the role evolves to also include strategy and guidance on the business challenges of the organization, legal leaders are having to expand their and their team’s skillsets and change their approach to managing their departments.

The expanded role of the law department requires an increased understanding of the drivers of the business and collaboration with business leadership, purposeful alignment of the department’s priorities with business objectives, and establishing and measuring performance against metrics. This is occurring in an environment of rapidly changing and increasingly complex business models, regulation, work environments, technology, and the ever-present pressure to reduce costs. At Thrive Legal, we understand the challenges of this ever-expanding role and demand for value.