10 Questions CEOs Should Ask GCs About the Legal Business Plan

From the Experts

, Corporate Counsel


The legal business plan should be an integral subset of any company's business plan, since it is vital to the management of risk and reputation, and can play an important role in adding value and driving innovation.

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What's being said

  • Sky Analytics

    Great article. Since the Great Recession we have seen more and more companies looking to drive more efficiencies in their outside counsel. I think your points #7 and #10 are spot on. A company must have transparency into the legal spend before they can even start the process of driving efficiency. Benchmarking lends even more transparency into over market trends and pricing. And, yes, value must be taken into consideration, but driving transparency and utilizing benchmarking metrics can go a long way to improving the legal business plan.

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