How Can Enterprise Legal Departments Navigate a Recessionary Economy?
By shifting costs from fixed to flexible resourcing.
This paper covers:
- In-house pain points
- How to address pain points, minimize costs, and empower GCs
- How to employ smarter budgeting
- How to build a pre-recession flexible pilot program within your legal department
A recessionary economy is particularly disruptive to legal departments.
A recessionary economy can be a prohibitor to growth, and it often forces your team to pivot and do more with less. Additionally, at a time when many legal departments are busier than ever, GCs are often left wondering, “How do I build the legal team I need when I can no longer hire in a potentially recessionary economy?”
The answer is more simple than most legal leaders expect: reducing investments in fixed costs and hires via flexible resourcing allows GCs to build and maintain the sustainable, high-performing teams required to withstand economic uncertainty.
In other words, flexible resourcing allows GCs to establish an agile legal department with a leaner full-time team to provide managerial scale and handle core competency work.
In a period of economic uncertainty, and especially when entering a potential downturn, companies must not only move fast to navigate uncertainty, but they must also pivot quickly – a dynamic that has enormous consequences for the legal team.
Flexible resourcing allows GCs to:
- Address the ebbs and flows of everchanging departmental needs
- Resolve necessary compromises by leveraging both the necessary full-time generalists and the expertise of flexible on-demand lawyers
- Disentangle leadership by equipping GCs with the foundation to elevate their roles
- Optimize spend and demonstrate fiscal leadership
Navigating a recessionary economy as a GC doesn’t have to be difficult.
In this whitepaper, we arm GCs with a 3-step playbook for building a pre-recession flexible pilot program within their legal departments.
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