A general counsel’s role as manager of the legal department often involves metrics. Management metrics are everywhere, and skillful use of them can contribute mightily to how well the department operates and presents itself. The more that leaders in law departments appreciate the pervasiveness of these key numbers and the more they appreciate how to glean the most from them, the better they will manage their legal functions. Aside from the financial figures that dominate companies, especially publicly traded companies, a range of numbers appear. Let’s consider eight of them.
Budgets of law department are chockablock with metrics. To gather and present to the finance tribe plausible spending projections and to the human resources brethren staffing forecasts rises to an art form for many chief legal officers. Command of these resource numbers and how they fit together marks an accomplishment. A subset of corporate budgets, setting reserves, also depends on conversancy with metrics.
This content has been archived.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
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
