Creativity will keep your company lean
The economy may be a headache, but it forces legal departments to innovate
February 25, 2013 at 07:00 PM
5 minute read
Since I first came on as editor five years ago, many of my columns have centered on the struggling economy and every legal department's challenge of doing more with less. And for good reason.
The past few years have put general counsel and other legal department leaders in a unique position: dealing with substantially slashed budgets and staff while managing the same or increasing workloads. Sure, it's every department leader's job to work his budget most efficiently, despite the state of the economy. But no one would argue that the past few years have offered unprecedented challenges.
It's safe to say that GCs and legal department leaders across the country have risen to the challenge. In these past few years, our annual InsideCounsel 10 feature, which runs every September, has showcased more and more interesting best practices stories that are unique to both new and old legal department management challenges.
What's clear is this: The exercises GCs and CFOs have faced the past few years have strengthened their skills and opened their minds. Now more than ever, we're seeing unique best practices being rolled out in the interest of a not only efficient legal department, but also a highly functional and successful one. The 2012 IC10 winners' best practices included the implementation of a complex anti-corruption program, a DIY project to streamline and organize the internal matter intake function, and a reorganization of outside counsel management—all of which saved their departments money.
This issue, we decided to dig even deeper into best practices in creating a leaner, more efficient legal department. In this month's feature story, “Strategies for leaner legal departments“, which will run as a two-part series (look for Part 2 in the April issue), InsideCounsel takes a look at strategies for maximizing internal efficiency and resourcefulness in today's legal department.
Through strengthening skills, properly allocating resources, implementing effective uses of technology, and simply being creative and thinking outside of the box, legal departments are seeing marked improvement and success internally. In the next installment of “Strategies for leaner legal departments,” InsideCounsel will delve into applying similar techniques to effectively cut external expenses while improving department efficiency.
While the economy has done its part to give us all a big headache, it has also allowed us to open our minds and get creative—a valuable and welcome exercise.
Since I first came on as editor five years ago, many of my columns have centered on the struggling economy and every legal department's challenge of doing more with less. And for good reason.
The past few years have put general counsel and other legal department leaders in a unique position: dealing with substantially slashed budgets and staff while managing the same or increasing workloads. Sure, it's every department leader's job to work his budget most efficiently, despite the state of the economy. But no one would argue that the past few years have offered unprecedented challenges.
It's safe to say that GCs and legal department leaders across the country have risen to the challenge. In these past few years, our annual InsideCounsel 10 feature, which runs every September, has showcased more and more interesting best practices stories that are unique to both new and old legal department management challenges.
What's clear is this: The exercises GCs and CFOs have faced the past few years have strengthened their skills and opened their minds. Now more than ever, we're seeing unique best practices being rolled out in the interest of a not only efficient legal department, but also a highly functional and successful one. The 2012 IC10 winners' best practices included the implementation of a complex anti-corruption program, a DIY project to streamline and organize the internal matter intake function, and a reorganization of outside counsel management—all of which saved their departments money.
This issue, we decided to dig even deeper into best practices in creating a leaner, more efficient legal department. In this month's feature story, “Strategies for leaner legal departments“, which will run as a two-part series (look for Part 2 in the April issue), InsideCounsel takes a look at strategies for maximizing internal efficiency and resourcefulness in today's legal department.
Through strengthening skills, properly allocating resources, implementing effective uses of technology, and simply being creative and thinking outside of the box, legal departments are seeing marked improvement and success internally. In the next installment of “Strategies for leaner legal departments,” InsideCounsel will delve into applying similar techniques to effectively cut external expenses while improving department efficiency.
While the economy has done its part to give us all a big headache, it has also allowed us to open our minds and get creative—a valuable and welcome exercise.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All'Serious Disruptions'?: Federal Courts Brace for Government Shutdown Threat
3 minute readLegal Departments Gripe About Outside Counsel but Rarely Talk to Them
4 minute readGC With Deep GM Experience Takes Legal Reins of Power Management Giant
2 minute readPreparing for 2025: Anticipated Policy Changes Affecting U.S. Businesses Under the Trump Administration
Trending Stories
- 1Decision of the Day: Administrative Court Finds Prevailing Wage Law Applies to Workers Who Cleaned NYC Subways During Pandemic
- 2Trailblazing Broward Judge Retires; Legacy Includes Bush v. Gore
- 3Federal Judge Named in Lawsuit Over Underage Drinking Party at His California Home
- 4'Almost an Arms Race': California Law Firms Scooped Up Lateral Talent by the Handful in 2024
- 5Pittsburgh Judge Rules Loan Company's Online Arbitration Agreement Unenforceable
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250