The value of the legal department stretches well beyond just mitigating risk. General counsel (GC) is a part of strategic business decisions including finance, marketing, human resources, sales, and risk management – to name a few departments. Having a full legal department with effective tools in place instead of a one-person show with limited resources can enable general counsel to work strategically with those other departments in a new way. With more time, general counsel can focus less on tedious legal tasks and become an integral contributor to corporate planning. When general counsel is free to focus on strategic, high-level business goals instead of being bogged down with administrative or contract-based processes, a natural efficiency will occur.
But the reality for many companies is that GCs are not provided a budget to expand the team. General counsel – especially in smaller organizations – must demonstrate the value of expansion without actually expanding. Once they can prove expansion’s value, then they have a better chance of getting money to expand the team with people.Read More