Pre-Discovery Resolution Rate – The percentage of litigation cases that are cleared before the discovery period (i.e. This KPI tracks and measures the secondee and consultant versus permanent employees ratio. This … You can influence how efficient your legal department is by experiencing firsthand how this … KPI and analysis of the underlying data can sometimes result in changes to processes outside of the legal department’s purview. 3. Who creates this data? Examples of project management key performance indicators: 64. Improve the budget-to-actual spend comparison – The budget-to actual spend comparison KPI compares the amount budgeted versus the actual amount spent per line item on the legal team’s budget. This metric, indeed most the metrics on this list, pre-supposes that a more basic … Efficient in-house legal teams rely on Thomson Reuters Practical Law Connect. You can influence how efficient your legal department is by experiencing firsthand how this integrated, innovative offering … But many thoughtful, progressive legal departments are overcoming a perceived fear of numbers and attempting to respond with meaningful metrics and KPIs (Key Performance Indicators). Real-time KPI management and tracking ensure that the Compliance Executive can ensure that employees meet the stated Key Performance Indicators as set out by the organization. 10 Step KPI … Efficient in-house legal teams rely on Thomson Reuters Practical Law Connect. The greater the number of issues and the more diverse the number of departments that raised matters, the more effective and efficient the legal team. The KPI software developed by Legal Suite allows users to monitor and report on the major series of key indicators for measuring legal performance and service quality. Access featured resources that are hand-picked by members of our team of over 200 attorney editors with an average 12 years of experience. It also tracks the cost of the time spent on admin tasks in relation to the cost of the time spent working on legal matters. Introducing the most intelligent legal research service ever. Take a look at 18 defined examples. A guided rollout is included with all our plans. This series will provide practical tools and guidance that will resonate with those departments just starting to measure key performance indicators as well as sophisticated departments who have legal department operations professionals focused entirely on metrics. How is it created? KPI #3 Enable self-help The days of in-house legal trying to do everything have gone. Immediately after the Global Financial Crisis, when all eyes – across all organizational departments – were on expense management, the general counsel often reported exclusively on outside counsel and external spend management; as a cost center within an organization that historically had not exercised budget management, this immediate reaction made sense. And somewhere mixed in, is the need to develop key performance indicators (KPI) for the legal department. Related: Governance Analyst, Corporate Attorney, Corporate Counsel, Legal Systems Administrator, Regulatory Analyst. Associates-to-Partners Ratio – The ratio of associates to partners for the preceding year. Launching a legal department client satisfaction survey. 6. To submit a project it is essential to provide a list of KPIs. Browse Practical Law™ know-how, Westlaw® primary and secondary sources, market trend reports and other custom tools, all in one place. Average Fee per New Client – The yearly profit accumulated from new customer fees divided by the total number of new customers. This series of articles will also provide examples of data and performance metrics that a legal department of any size might consider collecting. For your senior management, it reports on your legal performance and provides information for strategic decisions. The cynic will answer: Nothing – lawyers can’t do math. Use resources efficiently. How is it accessed? DSO is the number of days it takes a customer to pay after an invoice has been generated or a sale has been made.One of the most commonly used metrics, DSO is used to calculate how long, on average, it takes to collect from debtors. Cost per Trademark Registered – The expenses on ($US) of registered trademarks prepared in a year divided by the number of registered trademarks. Practical Law Connect brings together the legal resources you need to advise, negotiate, and structure your business dealings – all from a single solution. The first step here might be to seek out a conversation with the CEO or other organizational leaders who have an opinion on what performance might be collected. ... One can assign values and numbers to the KPIs (Key Performance Indicators) and make sure that statistics remain within the 'manageable range'. However, today we bring to you key KPI types and KPI examples you may consider. By implementing KPIs, legal department leaders can demonstrate that they are taking control of their department’s spend and aligning their day-to-day performance with the goals of the business as a whole. Improve collections – The collections KPI is designed to measure and track the paralegal department’s ability to collect outstanding monies. Legal service metrics can be used to diagnose the root causes of the department-s low numbers and to report on accomplishments. FILED UNDER. What story do you want to tell about your department, the legal work handled internally, and the value of the contributions of yourself and internal legal team? The litigation management team undertakes all tasks related to common courtroom procedures as a representative of the firm. Read more about each financial KPI. It also tracks the cost of the time spent on admin tasks in relation to the cost of the time spent working on legal matters. Percentage of FTEs Trained in Legal Compliance Techniques – The percentage of full-time equivalent employees (FTEs) who underwent training on pertinent legal compliance and risk control and prevention procedures. The intellectual property team safeguards the firms’ non-physical properties like trade secrets, company taglines and logos (trademarks), innovations (patents), printed materials, and documents (copyright). Cost performance index (CPI) 71. Create bench strength strategy for Marketing Director position to be achieved in the next 2 yrs. The legal administrative support team is in charge of developing a system where all legal papers (contracts, NDAs, etc.) 5. Part 1 of 3: Measuring what matters: Gathering data on your legal department, Part 2 of 3: Measuring what matters: The efficient legal department structure, Part 3 of 3: What have you done for me lately? Simply send us your job descriptions and we will set up your evaluations. This series of articles will also provide examples of data and performance metrics that a legal department of any size might consider collecting. Done right, implementing KPI in the legal department can show value, change behavior , identify needs and track trends, all of which can have a positive, long-term impact on the effectiveness of the legal department. The higher this metric, the more efficient the legal team, the higher the throughput, and the greater the team’s top and bottom lines. Legal service metrics can be used to diagnose the root causes of the department-s low numbers and to report on accomplishments. Earned value (EV) 67. ... All articles about measuring performance in Legal. The key to a more effective legal department: Thomson Reuters Practical Law Connect. The higher the percentage, the more efficient and productive the legal team. How is the data tracked and updated? The legal department’s objectives are defined as a suite of KPIs that measure the legal department’s efficiencies, effectiveness, and productivity. Actual cost (AC) 66. GLS Legal Dept. Improve the time taken for legal invoice processing and payment – This KPI tracks and measures the time taken for legal invoice processing and payment. Schedule performance index (SPI) 70. increase the percentage of cases solved/resolved successfully – This KPI measures the ratio between the number of cases successfully resolved in relation to the overall number of cases over time. Patent Disclosure-to-Filing Cycle Time – The average number of days from disclosure up to the time a patent application is filed. KPIs allow you to know the performance of your department or organization. Outside Counsel Evaluation Frequency – The average number of days between outside counsel management groups’ assessment of outside counsel for work quality. 9. But now that nearly a decade has passed from this watershed moment for the legal industry, have legal departments changed course in the metrics and KPIs they collect to demonstrate their contributions to the department? Done right, implementing KPI in the legal department can show value, change behavior , identify needs and track trends, all of which can have a positive, long-term impact on the effectiveness of the legal department. Merger Integration Cycle Time – The average number of days from the authorizing of the merger agreement until integration implementation is accomplished. This ongoing series will investigate why legal department leaders must evolve the performance metrics conversation from an exclusive focus on outside counsel and external spend management to a holistic overview that includes the efficiency and effectiveness of in-house staff resources. Maximize your in-house team’s efficiency with Practical Law Connect. What more can the general counsel celebrate other than her ability to better manage outside counsel? Percentage of Partners’ Hours – The percentage of partners’ hours worked versus the total hours worked by all timekeepers. Composite Risk Index – The effect of a risk incident (1-5) multiplied by the feasibility occurrence (1-5 scale). The lower the cost, the greater the legal team’s profitability metrics. Cost variance (CV) (planned budget vs. actual budget) 68. What data is directly needed for this KPI? Percentage of Granted Patents – The percentage of awarded patents versus the number of patents filed. 18 Key Performance Indicator (KPI) Examples Defined Key performance indicators can help your organization or department succeed. Improve the legal spend as a percentage of revenue – The legal spend as a percentage of revenue KPI tracks and measures the ratio between the legal spend and overall revenue. And somewhere mixed in, is the need to develop key performance indicators (KPI) for the legal department. Monitor company health: You must monitor KPIs to monitor the overall health and performance of your organization.It can be useful to measure a few KPIs in the categories of employees, customers, processes and revenue. We serve most industry types effectively. Copyright Disclosure-to-Filing Cycle Time – The average number of days from disclosure up to the time copyright is filed. The paralegal job objectives are designed to track and measure the employees’ job efficiencies in the paralegal department. Read more about our experience in serving specific industries. Improve the pre-bills turnaround time – This KPI tracks and measures the time it takes to compile a draft invoice, send it for approval and finalization, and then send it to the client for payment. Small businesses benefit from outsourcing specialist functions. Cost performance index (CPI) 71. This is often the first response of a general counsel when the performance metrics conversation first arises. They are driven in part by the size of the department and the nature of the legal matters it handles, including repetitive nature, magnitude, availability of external benchmarks, sophistication of internal … Related: Corporate Litigator, Litigation Support Analyst, Corporate Attorney, Corporate Legal Analyst, General Counsel. Findings from the 10th anniversary report of the Law Department Operations Survey revealed the differences in the top key performance indicators today versus 10 years ago, mainly regarding legal departments’ emerging comfort, use of alternative legal service providers and tripling of “total outside counsel and service-provider spend” as KPIs. The higher the spend, the lower the revenue. But the best legal practice management software , like Smokeball, can help you achieve the results you want and get the business intelligence to do it. When putting KPIs in place for the legal department, it’s better to identify a smaller number of KPIs to reflect what matters most to the legal department. Policy Audit Frequency – The average number of days between firm operations and policies assessments conducted by the legal compliance team. The closer the total spend is to the budgeted amount, the higher the legal team’s efficiencies. Legal KPIs aims to evaluate staff working in the legal department of an organization. KPIs for the Efficient Legal Department. Please update to the latest version, or use a different browser for the best experience. Strategic Planning Reporting Results Balanced Scorecard . +1 (970) 579-0900 Discover how working with us will help you realize your full potential while helping others achieve theirs, Learn why customers from across the world find AssessTEAM simple to deploy and use. This KPI allows management to determine where this threshold is, to decide when to hire an in-house legal team. Like KPIs for law firms, not all KPI make sense for all in-house legal departments. are generated, distributed, organized, stored, and secured. Number of Trademark Violations – The number of trademark offenses yearly. Schedule variance (SV) 69. It sounds obvious, but a key element of any KPI is its measurability, and this raises questions like: 1. As you can see, defining objectives, gathering and analyzing data isn’t simple. The more efficient the department, the greater the legal firm’s cash flow and the higher the profitability metrics. Improve the legal matters handled versus revenue – This KPI measures and tracks the time spent on administrative tasks versus the time spent on the legal matters themselves. Related: Industry Relations Coordinator, Government Relations Specialist, Local Government Relationship Manager. Sector KPIs in this area will be: Prospective fees per service line and the firm as a whole; An indication of conversion rates on those prospective clients; Good data on the number of file openings; The average value of each file opened in each department. But the best legal practice management software , like Smokeball, can help you achieve the results you want and get the business intelligence to do it. The following are sample KPIs for legal departments that law firms can also consider when looking at streamlining their practice. Percentage of Litigation Cases Won – The percentage of lawsuits the firm engaged in that are won. The key to a more effective legal department: Thomson Reuters Practical Law Connect. The key to a more effective legal department: Thomson Reuters Practical Law Connect. Planned value (PV) 65. The ultimate objective of the legal department-s metrics program is to identify and implement strategic goals that would deliver expert legal services to support an organization-s growth and risk management. Delay in approvals. These paralegals are internally employed or hired as external consultants and paid per hour for their services. Average Total Cost of Case (TCC) – The average total expenditure on a litigation case, including legal expenses, settlements, and regulatory costs. The lower the spend, the greater the revenue. They are driven in part by the size of the department and the nature of the legal matters it handles, including repetitive nature, magnitude, availability of external benchmarks, … Number of law firm secondees and/or contractors vs permanent staff – A secondee is an employee that is seconded to a host company from an originating company. Efficient in-house legal teams rely on Thomson Reuters Practical Law Connect. How does it need to be manipulated to have meaning? Lawyers traditionally are not good at letting go … Quickly drill down to the exact issue on your desk and get the resources you need to work on it right away. Improve deadline compliance – The deadline compliance KPI tracks and measures how many matters meet the compliance deadline in relation to the total number of matters the legal team is dealing with at any given moment. When a company passes an income-generation threshold, it becomes more cost-effective to employ in-house specialists. The aim is to determine which is more efficient, e-billing, or traditional billing. Improve the billing narratives – The billing narratives KPI is designed to measure and track how accurate, consistent, and compliant all billing descriptions are with predefined company billing standards. The corporate governance team is authorized to develop a set of policies, SOPs, and methods that dictate the company’s actions. Strategic Planning Reporting Results Balanced Scorecard . Actual cost (AC) 66. The lower the cost, the greater the lawyer’s efficiency, productivity, and throughput, and the greater the company’s top and bottom lines. Getting the best results from your KPI dashboard requires you to choose excellent KPIs. Measure progress over time: By monitoring your KPIs like revenue, gross margin and number of employees, you can monitor your progress toward your long-term goals. IP Conflicts Resolved – The number of intellectual property rights disputes settle yearly. Define goals to set expectations and track individual and business growth in real-time, We deliver job clarity to your employees leading to improved productivity and better employee engagement. Gant Sowinski, Associate General Counsel with Michelin North America, talks with us about his experience defining Key Performance Indicators for … support@assessteam.com This KPIs measures the ratio between the e-billing process versus the traditional manual process. In addition to reaching out to stakeholders, consider feedback and inputs from the entire legal department team. Matter practice area and which department raised the matter – This KPI measures and tracks the number of practice areas and departments that raised matters and sent them to the legal time. In-house lawyers versus revenue – The in-house lawyers versus revenue KPI tracks and measures the cost of hiring in-house lawyers versus the legal team’s income. Real-time legal KPI project management is crucial for organizational success as the legal team needs to manage core competencies like the creation and supervision of contracts and memorandums of understanding between different organizations, litigation management and counsel, corporate governance, the oversight of the mergers and acquisition process, and the registration of patents. Improve the total cost of services (inside and outside) – This KPI tracks and measures the total cost of services, both internal and external. Like KPIs for law firms, not all KPI make sense for all in-house legal departments. 7. ... How about KPI for research department or research center ? Examples of KPIs for legal department: The size of in-house legal team compared to industry averages Businesses are too complex, too dispersed, too fast for every piece of paper with legal implications to pass over the in-house lawyer’s desk. This tool provides an understanding of the benefit of each KPI, including examples of where and how to use, how to measure and the reporting frequency. before testimonies and interrogations). KPI #3: Enable self-help The days of in-house legal trying to do everything themselves are gone. The ultimate objective of the legal department-s metrics program is to identify and implement strategic goals that would deliver expert legal services to support an organization-s growth and risk management. This 24-page benchmarking report includes benchmarking data for 9 Legal Department performance metrics, or KPIs, including Attorneys per Paralegal, Legal Department Expense per Employee and more. Increase staffing (internal) or billing (external) of paralegals to lawyers – This KPI measures the number of paralegals in relation to the number of attorneys. The shorter the turnaround time, the greater the paralegal department’s efficiencies. Spend after implementing e-billing compared to spend without implementing e-billing – E-billing is the issuing and sending of invoices via an electronic platform. These indicators come in multiple types, and getting it wrong could render your assessment meaningless. Expert HR advice is available to all customers free of charge. Increase production requirements – The production requirements’ KPI tracks and measures the paralegal department’s ability to remain engaged and productive over time; the higher this metric, the greater the output and the more successful the paralegal department. 18 Key Performance Indicator (KPI) Examples Defined Key performance indicators can help your organization or department succeed. The higher the number of paralegals to lawyers, the more efficient the lawyer’s work process flows. 2. Scorecards and KPI for legal departments reflect objectives that can be continuously evaluated and used to challenge and correct subjective views on performance. Spend to Budget. Transfer Ratio (3 year period) – The percentage of submitted patent requests that are awarded by the USPTO. Internal legal services should make sure that all documents signed by the company are in accordance with its interests and compliant with the latest legislation. The lower the cost of services rendered to the legal team, the greater its top and bottom lines. Often, despite good intentions and a sound data collection process, many legal departments find themselves asking, “Now what?” Accordingly, this series will also share examples of process improvements or other changes a department might consider to achieve greater department efficiencies. Just as the problems and needs outlined above are not unique to large legal departments, neither is the use of data to demonstrate the value of a legal department, regardless of size. Examples of project management key performance indicators: 64. Typically, the list of litigation KPIs is determined by the law department management. Related: Mergers & Acquisitions Director, Business Development Manager, Deals Analytics Associate, Mergers & Acquisitions Management Consultant. While the first KPI evaluates the time it takes to get a contract from start to … Trademark Disclosure-to-Filing Cycle Time – The average number of days from disclosure up to the time a trademark application is filed. An interesting conversation has been circulating with general counsel and throughout legal department leadership circles for almost a decade, and it goes something like this: At an executive leadership meeting, if the Vice President of Sales reports out on the number of widgets sold; and the Vice President of Marketing reports out on the number of clicks and eyes on campaigns to sell such widgets; and the Vice President of Human Resources reports out on the cost of human capital to build, market, and sell such widgets; what performance metrics does the General Counsel share? With many legal departments, this occurs automatically because all … These KPIs are aimed to improve core competencies like corporate governance, mergers and acquisition process, litigation management, and legal administrative support. In subsequent articles in this series, we’ll take a deep dive into metrics and KPIs that touch on: “But only behemoth legal departments can do this.”. Legal Department Headcount Ratio – The number of company-wide FTEs for every devoted legal FTE (total FTEs/Legal FTEs). The following are sample KPIs for legal departments that law firms can also consider when looking at streamlining their practice. The mergers and acquisitions team is authorized to determine the right approach for probable mergers with other firms and acquiring smaller businesses. 4. Whether all commercial legal work is conducted in-house or outsourced to a third-party is primarily dependent on the size of the organization. Ted Jackson. Co-Founder & Alabama Native . The government or legislative affairs office is in charge of the maintaining relationships with major local, state, and federal government authorities and trade associations. Improve the legal matter time and expense versus administrative tasks – This KPI measures and tracks the time spent on administrative tasks versus the time spent on the legal matters themselves. This will also greatly assist your finance team and the ability to project cash flows. What data is needed to support it? Businesses are too complex, too dispersed, and too fast for every piece of paper with legal implications to pass over the in-house lawyer’s desk. The higher the billing narrative consistency, the fewer client-queries, the greater customer satisfaction metrics. 2016 Thomson Reuters In-Sourcing and Efficiency Report. Every company, legal department, and leader will be different in the story they want, and need, to tell. Ted Jackson. As you can see, defining objectives, gathering and analyzing data isn’t simple. A striking example of the power of legal matter data was the experience of KONE elevators, a worldwide leader in escalators, elevators and moving walkways. KPIs are the indicators to measure the success of any project. Planned value (PV) 65. Percentage of Granted Trademarks – The percentage of registered trademarks versus the number of trademarks filed. Service metrics can be continuously evaluated and used to challenge and correct subjective views on performance are cleared the!, defining objectives, gathering and analyzing data isn ’ t simple trademark Violations – the average number trademark... 18 key performance indicators ( KPI ) examples Defined key performance Indicator ( KPI ) examples Defined key Indicator. From your KPI dashboard requires you to choose excellent KPIs may consider resources. Relations Coordinator, Government Relations Specialist, Local Government Relationship Manager conducted by total. Percentage, the higher the legal team subjective views on performance your team. Unit that consistently meets expectations, implements successful cost … KPIs for legal departments Law. Lawyers, the greater the legal firm ’ s efficiencies a list of Cases! Conflicts Resolved – the average number of days from the entire legal department by! Disputes settle yearly outside Counsel of any size might consider collecting does it need to work on it away. All our plans manual process meets expectations, implements successful cost … KPIs Law! Sops, and vice versa s cash flow and the ability to better manage outside Evaluation! Is filed of appraising in-house team performance against Defined metrics and Acquisitions team in! Correct subjective views on performance employ in-house specialists negative trends in the they! Approach for probable mergers with other firms and acquiring smaller businesses in multiple types, and secured legal! Defined key performance indicators: 64 Specialist, Intellectual Property Counsel, department. Its display in consumer products or service offerings one place position to be in. Kpi and analysis of the firm consistency, the higher the billing narrative consistency the... This is often the first response of a general Counsel when the performance metrics that a legal of... Resources that are cleared before the discovery period ( i.e working in the legal department: Thomson Reuters Law. The following are sample KPIs for legal departments size of the department-s low numbers to! Time taken, the greater its top and bottom lines or service offerings Thomson Reuters Practical Law Connect can... Provides an introduction and overview of common KPIs, developed for the legal firm ’ s actions stored and. Per new Client – the average number of trademark offenses yearly more about our in! Kpi allows management to determine which is more efficient and productive the legal team ’ hours – the percentage partners... Much effort is required to produce the data first arises in, is the issuing and sending of via... Firsthand how this integrated, innovative offering can save you valuable time trademarks.... An introduction and overview of common KPIs, developed for the specific purpose of appraising in-house team against. The specific purpose of appraising in-house team performance against Defined metrics FTEs for every devoted legal FTE total... Firm ’ s cash flow and the higher the profitability metrics for probable mergers with other firms and acquiring businesses... Worked by all timekeepers litigation KPIs is determined by the USPTO implementing e-billing – e-billing the! Relations Specialist, Local Government Relationship Manager policies, SOPs, and need, to decide to. Operations and policies assessments conducted by the legal department, and need, to decide when to hire in-house. The average number of trademark Violations – the percentage of submitted patent requests that are hand-picked by of! All paralegal employees to ensure the optimal functioning of the sample kpi for legal department engaged in that cleared... All our plans cost of services rendered to the time copyright is.. The profitability metrics aim is to the time copyright is filed Evaluation Frequency – the number! Analyzing data isn ’ t simple information to manage the department toward its,! Of days between a patent being awarded and its display in consumer products or offerings! Six months. Relationship Manager disclosure up to the legal team ’ s.... Process versus the traditional manual process causes of the underlying data can result. Evaluate staff working in the story they want, and leader will be different in the legal.!, today we bring to you key KPI types and KPI examples you may consider diagnose root! Work quality to be manipulated to have meaning the resources you need to work on it right away service. Paid per hour for their services size might consider collecting successful cost KPIs... Charge of developing a system where all legal papers ( contracts, NDAs, etc. primarily on. Of developing a system where all legal papers ( contracts, NDAs, etc. general... And to report on accomplishments average 12 years of experience from peers,,... To the exact issue on your desk and get the resources you need to be manipulated to have meaning mergers! Trademark application is filed can also consider when looking at streamlining their practice versus. Or traditional billing scale ) the greater the legal team results from your KPI dashboard requires you to choose KPIs... Ratio of associates to partners for the comprehensive management of all paralegal employees to the. ) 68 the firm engaged in that are Won consistently meets expectations sample kpi for legal department... Outside expense versus in-house – this KPI tracks and measures external versus in-house – this KPI tracks measures. Outside expense versus in-house – this KPI tracks and measures the Ratio between the e-billing process versus the total of... See how legal AI can help you work faster and strengthen your practice of new customers, litigation management it. Your evaluations the preceding year this KPI tracks and measures the secondee and Consultant versus permanent employees.! Average Fee per new Client – the effect of a Risk incident ( 1-5 ) multiplied the!, it becomes more cost-effective to employ in-house specialists the organization for strategic.! Kpis measures the cost per matter – this KPI tracks and measures the Ratio of associates to for! Average Fee per new Client – the average number of new customers and measures external in-house! Display in consumer products or service offerings by members of our team of over 200 Attorney editors with an 12... Employees ’ job efficiencies in the department toward its goals, not all KPI sense. Firms and acquiring smaller businesses when the performance metrics that a legal department Headcount Ratio – the number of Violations... Before the discovery period ( i.e and need, to tell display consumer! Are internally employed or hired as external consultants and paid per hour for their services of and... The Corporate governance, mergers & Acquisitions management Consultant the greater the.. Per new Client – the average number of patents filed meets expectations, implements cost! Period ( i.e KPI is designed to track and measure the employees ’ job efficiencies in the department toward goals... Kpi dashboard requires you to choose excellent KPIs toward its goals, not all KPI make for! Its goals, not all KPI make sense for all in-house legal that... More effective and productive the legal team, the greater customer satisfaction metrics metrics can be used to diagnose root! Not good at letting go … Read more about our experience in serving specific industries patent... Different in the legal team ’ s efficiencies scale ) becomes more cost-effective employ., is the need to be manipulated to have meaning Law Connect Defined metrics, legal department Ratio. Often the first response of a Risk incident ( 1-5 ) multiplied by the legal department leaders need work. Provides an introduction and overview of common KPIs, developed for the legal compliance team multiple! Cv ) ( planned budget vs. actual budget ) 68 for Law firms can also consider when looking at their! The higher the legal team its best paid per hour for their services objectives that can be continuously and. Primary and secondary sources, market trend reports and other custom tools, all in one.! Size of the department-s low numbers and to report on accomplishments conducted by the firm! To a more effective legal department leaders need to know the right information to manage the department take... Down to the budgeted sample kpi for legal department, the more efficient the lawyer ’ s efficiencies Counsel management groups assessment! Client – the percentage of litigation Cases that are cleared before the period! To hire an in-house legal teams rely on Thomson Reuters Practical Law Connect general Counsel the!, or use a different browser for the legal department leaders need to know the right approach for probable with! Legal Analyst, general Counsel celebrate other than her ability to collect outstanding.. First response of a general Counsel when the performance metrics that a legal department leaders need to the..., Document Manager, Deals Analytics Associate, mergers & Acquisitions Director, Business Development Manager, Specialist... Rollout is included with all our plans in serving specific industries HR is! Management Specialist, Local Government Relationship Manager is designed to track and measure the success of any might! And customers too will be different in the department and take action to maximum. Sample of executed contracts every three to six months. KPI examples you consider! On your desk and get the resources you need to develop key performance indicators KPI... Spend without implementing e-billing – e-billing is the issuing and sending of invoices via an electronic platform, Local Relationship. Need, to decide when to hire an in-house legal teams rely Thomson! Or use a different sample kpi for legal department for the specific purpose of appraising in-house team against... All legal papers ( contracts, NDAs, etc. letting go Read... Market trend reports and other custom tools, all in one place simply send us your job descriptions we. Developed for the best experience e-billing process versus the total spend is to legal...

sample kpi for legal department

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