In-house Advisory Board: Creating a compelling strategy for the in-house legal team

In-house Advisory Board: Creating a compelling strategy for the in-house legal team

Creating an in-house legal strategyHow can an in-house legal team ensure their strategy is aligned with the vision and culture of the wider business? On 14 May 2015, the LexisNexis In-house Advisory Board met to share their insights and to discuss the tools and techniques needed to create a compelling strategy for the legal team.

Being a good lawyer providing skilled legal advice is only part of the role of an in-house lawyer. They also need to understand the business and how to align the legal team with it to create value. Successfully defining the legal team’s value proposition requires a comprehensive insight into the business’ overall value proposition and culture.

The LexisNexis In-house Advisory Board’s discussion, facilitated by Paul Hughes, Executive Development Director at the Centre for Customised Executive Development, Cranfield School of Management, explored the strong link between the culture of a business and its value proposition. Understanding this link is fundamental to developing a compelling legal strategy. Delivering sound advice is a given, but if the way it is delivered is counter to the culture of the business then it will not be effective.

When formulating legal strategy, the first step is to investigate the culture of the business. The Board members’ suggestions for how to approach this included commissioning consultants to conduct a culture survey, understanding how each part of the value chain connects to p

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About the author:
Sophie Gould is the Head of Lexis®PSL In-house. Sophie worked as an in-house lawyer for 10 years including seven years as Head of Legal for Virgin Radio and Ginger Media Group. She has also run a legal risk and compliance training business.

 

Since joining LexisNexis in 2009 Sophie has worked on developing our legal and business content for the in-house legal community.  She also runs various networking and mentoring groups for in-house lawyers and works with schools to promote social mobility within the legal profession.