Dublin-(Business wire)-“3-day mini MBA in-house lawyer training course” training has been added ResearchAndMarkets.com Recruitment.
Leadership and management skills are completely different ball games from the technical role of practicing the law, but in-house lawyers need to have these skills to succeed in a business environment.
By improving your management skills and understanding the key challenges facing business leaders today, you can understand how to better support and advise your business from a legal perspective.
In this course, you will discover key frameworks, tools, techniques, and concepts to enhance your business knowledge and excel in your role as a valuable in-house lawyer. Overall, it allows you to become a more rounded business professional.
Expert trainers share their experience working in law and as a business manager. By attending this intensive course, you can benefit from their considerable expertise and have time to explore new skills and ways of working to succeed in demanding roles.
Are you ready to build your skillset as a lawyer by increasing your business knowledge?
Benefits of participating
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Strengthen core management and leadership skills
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Understand how to enable effective change management
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Learn key business strategy concepts and frameworks
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Achieve better results by applying project management techniques
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Understand the challenges facing businesses today and how the legal department can provide support
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Establish an ambitious and enthusiastic legal team
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Understand and harness the corporate culture
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Acquire knowledge of finance and accounting principles
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Strengthen your budgeting skills
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Identify creative options for pricing arrangements
Main topics to cover:
Preface
Module 1: Business Strategy and Strategic Planning
Business strategy
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Key business strategy concepts and frameworks
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Includes understanding its purpose, value, and consistency with departmental strategy
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Includes Blue Ocean / Kim & Mobornu. Porter / USP, Grant, Johnson & Scholes
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Strategic process-investigation, creation, implementation, embedding
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The challenges facing business today
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Understand customer value, including customers in your organization
Operational effectiveness and efficiency
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Introduction of
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Process management
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quality management
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Intellectual property management
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Risk appetite and corporate culture
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Using these strategies:
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Streamline legal services within your organization
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Understand the tensions between profitability, efficiency, and risk within your organization
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Strategy for legal services
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Understand the needs and requirements of legal services
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Align legal service goals with business goals
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Providing value to your business
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In-house capacity determination
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When to contract with an external provider
Module 2: Lead and manage strategic change
HR management and leadership skills
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Team building, collaboration, culture, trust
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Understand and lead global and virtual teams. Building trust; encourage collaborative action. Understand cognitive bias.Psychological safety
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Building motivation and engagement
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Intrinsic and extrinsic motivations; trust; autonomy, proficiency, purpose
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Leadership and influential skills
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Leadership style; leadership vs. management; getting used to leading. Affect 360
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Major strategic changes
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Manage changes
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Including Cotter, Lewin, ADKAR models
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Overcoming common problems
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Successful strategy implementation and the importance of communication, transparency, coaching and influence skills
Module 3: Project Management and Teamwork
Outline of project management and cooperation with stakeholders
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Basic project management skills
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Waterfall Project Management and Agile Project Overview
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How to plan, execute, control, and manage projects to achieve set goals
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Risk management and progress monitoring
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Avoid pitfalls and maintain goals
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Work with stakeholders and get stakeholder approval
Module 4: Finance for Business
Accounting principles
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A general overview of accounting principles and how they should be applied (including examples)
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Identify details within UK-GAAP / IFRS if applicable to the general account
Understand cash flow, income statement, and balance sheet
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Case study with anonymous account set
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Main factors and their meanings
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Identify how the various statements in a set of accounts relate to each other
Identifying accounting scenarios that show good performance-profitability and solvency
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Examples of key performance indicators showing performance level
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Discuss the meaning of KPIs
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Range of KPIs for output that determine good performance or otherwise
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Practical: Consider KPIs that are relevant to your business
Identify accounting scenarios that may raise legal concerns
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Focus on bankrupt accounts
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Work in process (WIP) measurement
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Overdrawn Board Loan Account (DLA)
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VAT and billing timing principles
Module 5: Treasury and Legal Department Management
Legal department budget and external spending management
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Importance of 80/20 approach to analysis
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Own a budget
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Involvement in budget building and understanding of the mechanism of its construction
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Identifying and understanding differences from norms
Managing fees with an external law firm
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Understand the margins from the department’s cost base and the corresponding pricing
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Communication with clients regarding costs
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Tracking cost
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Recording time
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Account money
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Credit management
Traditional pricing arrangements and more creative options
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Hourly rates and fixed rates
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Create a margin by securing a fixed fee
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Retainer and MOA
Work in progress-big unknowns
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Understanding and measuring WIP
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WIP management
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WIP as part of commission-earning performance
For more information on this training, please visit https://www.researchandmarkets.com/r/kbmbx8.