A Legal Strategy is a set of strategic objectives, actions, and measures that help define legal goals, identify risks and threats, and provide guidance on how to address these issues.
This Legal Strategy template is an essential tool for any organization looking to proactively manage legal risks and maximize legal opportunities. It is designed to help companies of all sizes and industries to create and execute an effective legal strategy that is tailored to their specific business needs. This Legal Strategy template is designed for individuals or teams responsible for managing legal risk and/or opportunities within their organization.
This Legal Strategy template helps organizations create a legal strategy that is tailored to the goals and objectives of the company. It provides a comprehensive plan to help identify, assess, and manage legal risks and opportunities. It also provides guidance on creating a system for tracking and monitoring legal risks and opportunities. This template can help organizations to create a legal strategy that is tailored to their specific business goals and objectives, connected to the overarching business or corporate strategy.
Focus areas are broad categories used to group problems or challenging areas within your organization. Creating focus areas helps guide your organization on what areas are a priority to work towards. If you’re struggling for inspiration, try to think of the categories within your organization that you want to focus on and start creating strategic focus areas from there.
Examples of strategic focus areas that could fall under a Legal Strategy could be: Tech Transformation, Security and Compliance, and People.
How could you best encapsulate this focus area? What goals could you set and act upon to achieve a positive result in this focus area? These are the sorts of questions you want to answer when thinking about setting up objectives. A strategic objective usually has to be specific and measurable to cause enough impact and effectively explain what you want to achieve.
Examples of some objectives for the focus area of Security and Compliance could be: Ensure policy and assurance; Deliver the best regulatory legal support; and Bring every factory process into the 21st century.
KPIs are important metrics that make sure that you can accomplish your business objectives. KPIs not only take into account numerical measurements to help track your progress but also enable you to review the performance of your goals so you can accordingly make adjustments in your execution to achieve your strategic goals.
An example of a KPI for the objective Bring every factory process into the 21st century could be: Invest 10,500 hours on R&D.
Projects can help you and your team understand how to adapt, improve, learn from, and better implement processes that can help you achieve your end strategic objectives.
An example of a project to enhance Security and Compliance within your organization could be: Manage the Contracts & Procurement Policy and the company's suite of contracts.; and Ensure that our company's policies is compliant with all relevant company policies.
Make sure your strategy is front and center with Cascade. You can plan, execute, measure and adapt your strategy in one easy-to-use platform and make sure your strategic plan is connected to on-the-ground execution.
Get inspired by this Legal Strategy template and launch your strategy in Cascade; it’s $0 forever.