Legal Management Consulting Bookmark has been added
Legal Management Consulting
Legal Management Consulting is a collection of models, frameworks, and systems to help in-house lawyers run their departments more efficiently and comprehensively meet their business needs.
Introducing Deloitte Legal Management Consulting
1. Your Challenge
Companies need their legal teams to keep pace with the commercial needs of the business—while at the same time, legal departments are increasingly being asked to do more with the same or fewer resources. Today’s corporate General Counsel (GC) faces multiple challenges: a heightened regulatory environment, mass globalization of business, and acceleration of technology advancements. This is resulting in increased complexity and demand from the business which is creating an unsustainable workload for existing in-house legal departments. The current business landscape creates a compelling reason for legal departments to rethink their operating model, achieve greater efficiencies and increase the value they deliver back to the business.
General Counsel are increasingly seeking to explore change and transform their legal function into a more mature and value-adding business partner. Ever-increasing day-to-day demands and stretched resources can impede their ability to make that transformation.
Legal Management Consulting
2. Why Deloitte
This is where Deloitte’s experienced lawyers and consultants from a number of other disciplines step in. They collaborate to serve clients at all stages of the evolution from reactive task-accomplisher to proactive, value-creating strategist with a seat at their companies’ decision-making table.
Deloitte Legal’s new offering, Legal Management Consultancy (LMC), helps corporate legal departments to improve their traditional legal operating models allowing them to deliver faster, more efficient, integrated services within the enterprise, and to increase the value they deliver to the business. Deloitte’s LMC also aims to help them navigate quickly within the changing legal environment, while effectively managing legal risk. Deloitte’s LMC advices its clients on legal technology systems that make a difference and allow legal departments to work smarter at a lower total cost.
Deloitte Legal is one of the largest multinational organizations in legal services offering an international network, multidisciplinary teams, and a cross-border perspective with over 2500 professionals in more than 80 countries. Deloitte Legal offers a broader business perspective on legal issues. Thanks to the Deloitte network, Deloitte Legal can provide a complete multi-disciplinary offering, with services in consulting, financial advisory and tax. This means we are a truly global network that focusses on commercial solutions, without over-lawyering.
3. Our Approach
Deloitte’s LMC services were developed by lawyers for lawyers in collaboration with experts from across Deloitte functions such as mainstream management consultancy, risk advisory, and tax management consulting. The services are configured to identify opportunities to help the General Counsel and the legal department as a whole achieve their desired state.
Our teams perform a deep dive assessment on the legal department operations as a whole or on specific issues important to the client, such as technology or organizational structure. The assessment also compares the client with peers and industry best practices. The result is a detailed gap analysis of the current state versus the desired state of the organization.
Following the assessment phase, the next stage is for our team to help clients establish a long-term vision for the department and prioritize the initiatives required to achieve it. The result is a 180-day action plan to bring the priorities to success.
In the implementation of the strategic vision and priorities, our teams work with clients on the day-to-day execution of the action plan, and can also help with overall project management and communication with the stakeholders.