If there was an award for ‘The Most Sophisticated In-House Team Ever’, legal would have won it by a landslide.
Not only do lawyers deal with a tangle of most complex and risky matters on a daily basis, but legal impact is so pervasive that measuring it properly is a difficult nut to crack. And yet, in our data-driven world, translating legal performance into numbers is vital for ensuring it aligns with the company’s productivity and generated value.
That is why we prepared a cheat sheet with the essential legal department metrics that any legal team could be measuring, which will help you to:
- Understand the value the department brings to your company, and report it to the stakeholders.
- Identify the department’s needs and understand its trends.
- Determine if you are on target with your benchmarks.
