LDO | Framework for practicing legal operations - Page 2

Financial Management

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1 min read

Maximize your resources through sound financial management Current reality In-House Legal Departments may operate with little clarity or predictability in their budgeting. This can lead to unexpected shortfalls, tensions with the business, and a lack of financial context when making investment decisions. Desired state Develop a strong and sustainable approach to financial management. Use your resources responsibly and help everyone on the team understand how spending connects to outcomes. Develop, manage, and communicate your budget Design an accrual and forecasting process that works for your team Spot new opportunities for savings and efficiency Bring more predictability and consistency to your

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Business Intelligence

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1 min read

Make better decisions through data. Current reality In-House Legal Departments today often make minimal use of data and metrics. These departments may struggle to access or identity the right data and lack the culture or tools to make consistent use of analytics. Desired state Manage and guide your organization through the strategic use of data, not intuition. Uncover hidden trends, find new efficiencies, and focus your team on clear and measurable outcomes that make a difference to the business. Determine the right data to collect and monitor Design and roll out metrics and dashboards Create data lakes and implement advanced

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