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10 Tips for Helping Corporate Legal Departments Demonstrate Value

By Michael Lipps

The economic conditions facing most U.S. businesses over the past few years have brought to the surface a stark reality: It is no longer enough to simply be a great lawyer and risk manager; corporate counsel must be effective business managers and be able to demonstrate the value they create for their companies in order to be considered successful.

Corporate legal departments are coming under increased scrutiny to prove their value to the executive team like any other cost center in the company. According to a recent LexisNexis CounselLink survey conducted by ALM Legal Intelligence, 94% of U.S. in-house law departments feel pressure to demonstrate value within their organization. See www.lexisnexis.com/trial/uslm141789.asp?access=JCM141789 (registration required).

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