Dublin, July 20, 2022 (GLOBE NEWSWIRE) — The “The 3-day training of the Mini MBA for Corporate Lawyers” training has been added to from ResearchAndMarkets.com offer.
Leadership and management skills are a completely different ball game from the technical role of practicing law, but corporate lawyers must possess these skills to be successful in a business setting.
By deepening your managerial skills and your understanding of the main issues facing business leaders today, you will understand how to better support and advise your business from a legal point of view.
This course will introduce you to key frameworks, tools, techniques and concepts to enhance your business knowledge and excel in your role as a valuable corporate lawyer. Overall, it will allow you to become a more well-rounded business professional.
Expert trainers will share their own experiences working in law and as business leaders. By taking 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.
Are you ready to develop your skills as a lawyer by increasing your business knowledge?
Benefits of participating
- Improve basic management and leadership techniques
- Understand how to enable effective change management
- Learn key business strategy concepts and frameworks
- Get better results by applying project management techniques
- Understand the challenges facing businesses today and how the legal department can provide support
- Build a motivated and committed legal team
- Familiarize yourself with the company culture and use it to your advantage
- Develop your knowledge of financial and accounting principles
- Improve your budgeting skills
- Identify creative options for fee arrangements
Main topics covered:
Introduction
Module 1: Business Strategy and Strategic Planning
Business strategy
- Key business strategy concepts and frameworks
- Understands understanding of its purpose, value and alignment with department strategies
- Includes Blue Ocean/Kim & Mauborgne; Porter/USP, Grant, Johnson & Scholes
- The Strategic Process – Investigate, Create, Implement, Integrate
- Challenges facing businesses today
- Understand customer value, including customers within your organization
Operational effectiveness and efficiency
- Intro to
- Process management
- Quality management
- Knowledge management
- Risk appetite and corporate culture
- Use these strategies to:
- Streamline your legal services within your organization, and
- Understand the tensions between profitability, efficiency and risk within your organization
Develop a strategy for legal services
- Understand the needs and requests for legal services
- Align legal department goals with business goals
- Bring value to the business
- Internal capacity decisions
- When to contact external providers
Module 2: Leading and Managing Strategic Change
People management and leadership skills
- Team-building, collaboration, culture and trust
- Understand and lead global and virtual teams; build trust; encourage collaborative behaviors; understand cognitive biases; psychological safety
- Develop motivation and commitment
- Intrinsic and extrinsic motivations; trust; autonomy, mastery and purpose
- Leadership and influencing skills
- Leadership Styles; leading versus managing; become comfortable with leadership; influence in 360
Driving strategic change
- Change management
- Including Kotter, Lewin and ADKAR models
- Overcome common problems
- Successful implementation of strategy 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 Project Management Skills
- An introduction to waterfall project management and agile projects
- How to plan, execute, control and manage a project to achieve set goals
- Risk management and progress monitoring
- Avoid traps and stay on target
- Work with and get buy-in from stakeholders
Module 4: Finances for businesses
Accounting principles
- A general overview of accounting principles and their application (with examples)
- Identify specifics within UK-GAAP/IFRS, where applicable, in the general accounts
Understand the statement of cash flow, profit and loss and the balance sheet
- Case study using a set of anonymous accounts
- The key factors and what they mean
- Identify how different statements in a set of accounts relate to each other
Identify accounting scenarios illustrating good performance – profitability and solvency
- Examples of KPIs that demonstrate performance levels
- Discuss what KPIs mean
- Performance KPI ranges that determine good or bad performance
- Practical: Consider the KPIs that relate to your business
Identify accounting scenarios that could raise legal issues
- Focus on insolvent accounts
- Measurement of work in progress (WIP)
- Overdraft Administrator Loan Accounts (DLA)
- VAT and the principle of timing with invoicing
Module 5: Finance and Legal Department Management
Manage a budget for the legal department and external expenses
- The importance of an 80/20 approach to analytics
- Have a budget
- Involvement in the construction of a budget and understanding of the mechanisms of this construction
- Identify and understand deviations from the norm
Management of fees with external law firms
- Understand margin from department cost base and price accordingly
- Communicate with customer on costs
- Tracking fees
- Recording time
- Money on account
- Credit control
Traditional tariff modalities and more creative options
- Hourly rates vs fixed costs.
- Ensure that fixed costs create margin.
- Restraints and MOAs
Work-In-Progress – the great unknown
- Understanding and measuring WIP
- Management of work in progress
- WIP as part of paid performance
For more information on this training, visit https://www.researchandmarkets.com/r/4ycw9r
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