As CEO, how beneficial would it be to have a trusted Strategic Business Partner who understands your business and cares about it as much as you do and who can generate revenue while limiting risk?
Too good to be true?
For today’s General Counsel to be an impactful and strategic partner it is imperative they adopt a business first, legal second approach.
In today’s challenging business environment General Counsel’s need to:
1) Understand all aspects of their organization’s business, including the objectives of the CEO, the management team and the Board;
2) Appreciate the financial impact of each business decision, establish ways to generate revenue through stringent contract negotiation, drafting and management and properly budget and control the company’s legal spend;
3) Create innovative ways to make the legal department a profit center while limiting legal risk and exposure;
4) Collaborate and develop relationships with all levels and departments of the organization to truly understand the inner workings of the company and objectives of the business.
A General Counsel who accomplishes these goals will be more than the company’s attorney, they will become the Strategic Business Partner every CEO, Owner or Founder needs to grow or scale their business successfully.
https://news.bloomberglaw.com/us-law-week/insight-how-gcs-can-evolve-from-lawyer-in-the-room-to-strategic-business-partner
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