Today’s corporate General Counsel faces multiple challenges: a heightened regulatory environment, mass globalisation of business and acceleration of technology advancements. This is resulting in increased complexity and demand from the business, in turn creating an unsustainable workload for existing in-house legal and contracting teams. The current business landscape creates a compelling reason for legal departments to rethink their operating model, achieve greater efficiencies and increase the value they deliver back to the business.
Two key areas of LMC is legal department transformation and contract and commercial management transformation. Our LMC practice deeply understands the day-to-day needs and nuances of the modern legal department, as well as the broad implications and opportunities across the full contract lifecycle – including and beyond legal.
Our legal department work focuses on target operating model design and implementation. This includes developing legal service catalogues, legal risk management frameworks, external spend management programmes (including panel reviews), people and organisation design, legal operations set up and technology and data programmes.
Our contract and commercial consulting includes assessment of current state maturity, target operating model design, alternative sourcing models, technology selection and implementation and targeted solutions such as template simplification. We focus on business outcomes which ensure not only compliance with contractual obligations but also commercial management of the same – typically an area of material value leakage.