Transform Your Legal Career: Enroll in the 3-Day Mini MBA Training for In-House Lawyers

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Dec 20, 2023, 21:00 ET

Dublin , Dec. 20, 2023 /PRNewswire/ -- The "3-day Mini MBA for In-house Lawyers Training Course" has been added to ResearchAndMarkets.com's offering.

Leadership and management skills are a completely different ball game from the technical role of practicing law, but in-house lawyers must have these skills to succeed in a business setting.

By enhancing your management skills and your understanding of the main challenges facing business leaders today, you will understand how you can better support and advise your business from a legal viewpoint.

This course will enable you to 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 will enable you to become a more rounded business professional.

The expert trainers will share their own experiences from working in law and as business managers. By attending this intensive course, you will benefit from their considerable expertise and have time to explore new skills and ways of working to ensure you succeed in a demanding role.

Benefits of attending

Enhance core management and leadership techniques
Understand how to enable effective change management
Learn key business strategy concepts and frameworks
Achieve better outcomes by applying project management techniques
Understand the challenges facing businesses today and how the legal dept can provide support
Establish a motivated and engaged legal team
Get to grips with corporate culture and use it to your advantage
Develop your finance and accounting principles knowledge
Enhance your budgeting skills
Identify creative options for fee arrangements

Certification:

CPD: 18 hours for your records
Certificate of completion

Course Agenda

Module 1: Business strategy and strategic planning

Business strategy

Key business strategy concepts and frameworks
- Includes understanding its purpose, value, and alignment with departmental strategies
- Includes Blue Ocean/Kim & Mauborgne; Porter/USPs, Grant, Johnson & Scholes
The strategic process - investigate, create, implement, embed
Challenges facing businesses today
Understanding customer value, including customers inside your organisation

Operational effectiveness and efficiency

Introductions to
- Process management
- Quality management
- Knowledge management
- Risk appetite and corporate culture
Using these strategies to:
- streamline your legal services inside your organisation, and
- understanding tensions between profitability, efficiency and risk inside your organisation

Developing a strategy for legal services

Understanding the needs and demands for legal services
Aligning legal services goals with the goals of the business
Delivering value for the business
In-house capability decisions
When to engage with external providers

Module 2: Leading and managing strategic change

People management and leadership skills

Team-building, collaboration, culture and trust
- Understanding and leading global and virtual teams; building trust; encouraging collaborative behaviours; understanding cognitive biases; psychological safety
Building motivation and engagement
- Intrinsic and extrinsic motivations; trust; autonomy, mastery and purpose
Leadership and influencing skills
- Leadership styles; leading versus managing; becoming comfortable with leading; influencing in 360

Leading strategic change

Managing change
- Including Kotter, Lewin and ADKAR models
- Overcoming common problems
Successful strategy implementation and the importance of communication, transparency, coaching and influencing skills

Module 3: Project management and teamwork

Introduction to project management and working with stakeholders

Essential skills of project management
- An introduction to waterfall project management and agile projects
How to plan, execute, control and manage a project to achieve set goals
Managing risks and monitoring progress
Avoiding pitfalls and staying on target
Working with and getting buy-in from stakeholders

Module 4: Finance for business

Accounting principles

A general overview of accounting principles and how they should be applied (with examples)
Identify specifics within UK-GAAP / IFRS where applicable in general accounts

Understanding the statement of cashflow, profit and loss and the balance sheet

Case study using an anonymous set of accounts
The key factors and what they mean
Identify how different statements within a set of accounts are related to one another

Identifying accounting scenarios that illustrate good performance - profitability and solvency

Examples of key performance indicators that demonstrate performance levels
Discuss what KPI's mean
The ranges of KPI's in terms of output that determine good performance or otherwise
Practical: consider KPI's that relate to your business

Identifying accounting scenarios that might raise legal concerns

Focus on insolvent accounts
Work-In-Progress (WIP) measurement
Overdrawn Directors Loan Accounts (DLA)
VAT and the principle of timing with invoicing

Module 5: Managing finance and the legal department

Managing a budget for the legal department and external expenditure

The importance of an 80/20 approach to analysis
Owning a budget
Involvement in constructing a budget and understanding the mechanisms in that construction
Identifying and understanding variance from the norm

Managing fees with external law firms

Understanding margin from the department cost base and pricing accordingly
Communicating with client on costs
Tracking costs
Recording time
Money-on-Account
Credit control

Traditional fee arrangements and more creative options

Hourly rates vs fixed fees.
Ensuring fixed fees create margin.
Retainers and MOA

Work-In-Progress - the great unknown

Understanding and measuring WIP
Managing WIP
WIP as part of fee-earner performance

For more information about this training visit https://www.researchandmarkets.com/r/52bqcx

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SOURCE Research and Markets