Legal Department Maturity

Aug 28, 2018

review_image

The Path to Decision-Making Excellence

 

What characterizes a mature legal department?

A thoughtful, informed approach to decision-making—both everyday decisions and strategic ones.  


 

Why does maturity matter?

In today’s world, legal departments are asked to run like a business and work at the speed of business. They’re constantly under pressure: managing tight budgets, improving compliance, minimizing risk, saving time, and getting the best possible legal outcomes. If operational decisions are made in an ad hoc, inconsistent manner, it is simply not possible to meet the expectations the business has of the legal department. Every legal department falls somewhere along the maturity continuum in how decisions are made:

  • Ad hoc decision-making
  • Consistent decision-making
  • Data-informed decision-making
  • Analytical decision-making
  • Optimized decision-making

 


 

The CounselLink Maturity Model

The CounselLink Maturity Model is a framework that assesses a legal department’s maturity across five categories of day-to-day decision-making, and five categories of strategic decision-making. Day-to-Day Decisions:

  • Matter Intake
  • Matter Pricing
  • Vendor Selection
  • Matter Work
  • Matter Payment

Strategic Decisions:

  • Vendor Management
  • Business Outcomes
  • Financial Oversight
  • Staffing/Sourcing
  • Key Performance Indicator (KPI) Program

 


 

DECISION-MAKING MATURITY

Legal Department Maturity img1 -  


 

Start with understanding your baseline

Before you can begin to build a plan to advance, you need to know where your department stands today. Find out how your department compares to others and build a path to greater maturity. Contact a CounselLink expert to find out how you can get a complete maturity assessment spanning all areas of decision-making.  

developer
developer

TwitterLinkedInFacebookRSS







    Contact Us

    To learn more or schedule a free demo of CounselLink, simply fill out the form below.

    First Name *

    Last Name *

    Work Phone *

    Work Email: *

    Company *

    Country *

    Zip Code * ( USA Only )

    Inquiry *

    LexisNexis, a division of RELX Inc. and our LexisNexis Legal & Professional affiliates may further contact you in your professional capacity about related products, services and events. You will be able to opt-out at any time via the unsubscribe link provided within our communications or manage your communication preferences via our Preference Center. For more information, see our Privacy Policy.