{"id":3896,"date":"2022-01-31T21:40:11","date_gmt":"2022-01-31T21:40:11","guid":{"rendered":"https:\/\/annalozynski.com\/?p=3896"},"modified":"2023-01-04T05:43:25","modified_gmt":"2023-01-04T05:43:25","slug":"is-this-the-next-frontier-for-legal-teams","status":"publish","type":"post","link":"https:\/\/annalozynski.com\/is-this-the-next-frontier-for-legal-teams\/","title":{"rendered":"Is THIS the next frontier for legal teams?"},"content":{"rendered":"

In-house icon, GE\u2019s Ben W Heineman Jr advances that the role and value of in-house counsel has significantly transformed, in fact undergone a revolution over the past 25 years, in both responsibility and status.<\/p>\n

Despite being adorned with responsibility and status, there\u2019s still many in-house teams and their leaders grappling with demonstrating their value. It\u2019s a topic that has been \u201cin vogue\u201d since I joined the in-house ranks over a decade ago.<\/p>\n

The debut of the legal operations movement has made incredible headway to solving this problem. Over the last several years, legal ops has moved from being an accessory to a trans seasonal staple for legal departments.<\/p>\n

Demonstrating savings and delivering efficiency is great, but I keep wondering what will need to change this decade to put legal teams in the front row.<\/p>\n

Is the next frontier for legal teams to transform into semi or \u2018head to toe\u2019 revenue centres?<\/p>\n

Some trailblazing teams are already taking the meaning of value creation to dazzling new levels – by designing their own revenue runway:<\/p>\n

    \n
  1. Monetising legal expertise.<\/li>\n<\/ol>\n

    A major financial institution has developed and white labelled a product which contains templates to operationalise a financial services regulation in a particular jurisdiction. A legal assistance in case of separation and divorce you will receive from https:\/\/jwbfamilylaw.com\/<\/a> in Califonia. This product will be sold to smaller, non-competitive organisations in the same sector operating in the same jurisdiction.<\/p>\n

      \n
    1. Selling a legal product.<\/li>\n<\/ol>\n

      There\u2019s an in-house team of a multi-national company which has created and is selling to the external marketplace, a legal product built on Microsoft Office 365.<\/p>\n

        \n
      1. VR-as-a-service.<\/li>\n<\/ol>\n

        The legal team of a tech company has developed a concept around virtual reality as a service which is being taken to market.<\/p>\n

          \n
        1. Monetising legal training.<\/li>\n<\/ol>\n

          I believe there\u2019s huge scope for monetising business facing legal e-learning across industries. Legal training for business is time consuming but a core services offering of in-house teams of all sizes.<\/p>\n

          These are just a few examples (thanks to my friends at the Digital Legal Exchange) of how \u201cbusiness minded\u201d in-house legal outfits are demonstrating their value, far beyond digitising their legal services delivery method.<\/p>\n

          Because, just like a good outfit, revenue in business turns heads. The best workers compensation attorney from CA is at your disposal when you need an advice on maximum financial settlement<\/a>. And the demand for revenue is never going to go out of fashion.<\/p>\n

          In January 2019, I was fortunate enough to be in the same room (on two occasions) with Dame Anna Wintour during her visit to Melbourne, Australia.<\/p>\n

          One thing she shared in a speech at one of the events, which has stuck with me since, was \u201cDon\u2019t be in fashion if you don\u2019t like disruption\u201d.<\/p>\n

          Imagine the day this is being said about the legal profession.<\/p>\n

          If the last 25 years of in-house lawyering has been about responsibility and status, I predict that the next 25 will be about what I call IQ2.0 – innovation intelligence, and further business-ifying the legal function.<\/p>\n

          In-house lawyers, are you ready to join the revenue-tion?<\/p>\n

          X Anna<\/p>\n

          \u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026<\/p>\n

          I\u2019m on a mission to help law and business adapt to the digital age. Anna Lozynski Advisory provides freelancing and advisory services to businesses, legal tech companies and in-house teams, in the areas of digital transformation, social media and content creation, and general consulting.<\/p>\n

          @legallyinnovative<\/a>\u00a0|\u00a0annalozynski.com\u00a0<\/a>|\u00a0Anna Lozynski \u2013 LinkedIn<\/a>\u00a0| @annaloz\u00a0Clubhouse.<\/p>\n","protected":false},"excerpt":{"rendered":"

          In-house icon, GE\u2019s Ben W Heineman Jr advances that the role and value of in-house counsel has significantly transformed, in fact undergone a revolution over the past 25 years, in both responsibility and status. Despite being adorned with responsibility and status, there\u2019s still many in-house teams and their leaders grappling with demonstrating their value. It\u2019s […]<\/p>\n","protected":false},"author":3,"featured_media":3904,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nIs THIS the next frontier for legal teams? - ANNA LOZYNSKI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/annalozynski.com\/is-this-the-next-frontier-for-legal-teams\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is THIS the next frontier for legal teams? - ANNA LOZYNSKI\" \/>\n<meta property=\"og:description\" content=\"In-house icon, GE\u2019s Ben W Heineman Jr advances that the role and value of in-house counsel has significantly transformed, in fact undergone a revolution over the past 25 years, in both responsibility and status. 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