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Business plan for inhouse legal department

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If your business has grown to contain a series of departments, each with its own targets and objectives, you may need to draw up a departmental business plan. A departmental manager will typically write a business plan for their department, usually under guidance from the business owner. Some people prefer to call it an operational plan. Whatever the name, such plan may:. The manager will then have to agree how their plan fits with other departments, solicit feedback, negotiate - if needed - with senior management, and secure approval. It's important for each department to feel that they are a stakeholder in the plan.
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In-house: managing like a business

Business plan for inhouse legal department
Business plan for inhouse legal department
Business plan for inhouse legal department
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Nine Steps to a Legal Department Strategic Plan

Legal department strategic plans are the governing framework to guide legal, managerial, financial and organizational decision-making for in-house legal organizations. Even "best-in-class" legal departments face numerous, complex challenges when running a high-performing in-house legal organization. Today's legal environment is more complex, often more punitive. Corporate and legal department goals are more dynamic. External pressures sometimes with conflicting objectives on corporate legal departments are escalating while internal corporate demands to reduce costs are also intensifying. To address these many managerial, legal, financial and organizational challenges - and achieve clarity around in-house legal department objectives, in-house legal leaders must establish a role that goes beyond merely monitoring legal matters, overseeing operations, and allocating resources. Without a governing framework aligned to the corporate business strategy, legal departments can under-invest in areas highly critical to the business.
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8 Steps to Writing a Law Firm Business Plan

However, without a strategic plan, your legal department is unlikely to get out from under Sisyphean busywork to accomplish meaningful improvements or demonstrate its value—or find operational adjustments that enhance not only your service delivery, but your quality of life. Here are nine steps to create a straightforward but purposeful plan that will fit on one page, so that in the year ahead, you can easily reference and execute it—then measure and report on your success. Step One: Do your research. Your plan must look to the future but account for the past and present. Start by collecting some information and feedback.
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The beginning of any calendar year is always busy with key administrative tasks for an in-house legal department. My next several posts will deal with such items. One of the more daunting tasks whether you are general counsel or not is setting useful goals for the upcoming year.
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