Talk to any general counsel about their law department for more than 10 minutes, and a familiar refrain starts to arise: “We need to function more like a business.” It’s an all-too-common reality of the post-recession world: Law budgets are not what they once were, and in order to counteract the increased strain placed by changing regulations and new responsibilities, corporate law departments need to find efficiency.
In order to lay out a specific plan for those legal departments, Jason Parkman, CEO of Mitratech and frequent speaker on legal department operations, has released a new whitepaper: “10 Ways to Transform Your Legal Department.” The whitepaper, which bills itself as a blueprint for legal becoming the best-run unit in the organization, provides ten tips for GCs to transform their legal department from a cost center to a revenue-generating micro-business.
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