may 13 1130 providing strategic value to your organization

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Page 1: May 13 1130 providing strategic value to your organization

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Providing Strategic Value to Your Organization

Timothy Donovan, EVP, General Counsel & Chief Regulatory and Compliance Officer, Caesars Entertainment Corporation 

James Rogers, Senior Vice President and General Counsel, Orbitz Worldwide

Bill Ford, Partner, Lathrop & Gage LLP

Matthew Broad, Former EVP, General Counsel and Chief Compliance Officer, OfficeMax Inc.

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Law department components must work seamlessly.

Failing to align any of the key law department performance factors makes the department less effective. Addressing deficiencies in one area is helpful, but unless all interlocking segments work together, performance will be less than optimal. 

To ensure that a law department is working at peak efficiency, your department and your team must be properly aligned. Alignment should consist of internal and external.

internal ‐ within the department itself and with the corporation. external ‐ with the strategic needs of the executives and business units it

serves, and of course, with the company as a whole.

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Caesars Entertainment Corp. OverviewTimothy DonovanEVP, General Counsel & Chief Regulatory and

Compliance Officer

– My Role and Experience

– My Team and Structure

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Orbitz Worldwide OverviewJames RogersSenior Vice President and General Counsel

– My Role and Experience

– My Team and Structure

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• Building Your Departments Structure For Success– Structure and Performance

• Specialist or Generalist• Scope ‐ will the in‐house team be purely legal or will it also encompass teams such as procurement, compliance and risk

• Development – Not only honing a specialist skillset,  but enhancing skills such as communication, presentation or influencing skills.

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• Building Your Departments Structure For Success– Becoming a “True Business Partner” for Your Organization

• Really understand the business• Participating in organizational strategy meetings• Be Useful ‐ Either do things in your own area that make it easier for the company to succeed, or share ideas (based in your real understanding of the business) about how they can achieve goals more easily or quickly

– Metrics (charts on next slide)

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SAMPLE OF THE TOP 20 GENERAL LAW DEPARTMENT METRICS

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SAMPLE OF THE TOP 10 LITIGATION METRICS

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SAMPLE OF THE TOP 20 INTELLECTUAL PROPERTY METRICS

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Panel & Audience Questions:How have you structured your legal departments to align with business units and legal expertise?

– What are the advantages of the different organizational models

– What are the disadvantages of the different organizational models

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Panel & Audience Questions:

What metrics have you used to measure success within your legal departments and how do you demonstrate value of the legal department within the organization?

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Panel & Audience Questions:

What are some specific methods you have used to develop leadership and business capabilities in your legal staff?

– Strategic thinking activities, like analyzing a supply chain scenario– Building financial acumen by using internal statements and reports to 

understand financial management– Learning coaching and talent development skills– Exploring process development techniques

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Panel & Audience Questions:

Certain aspects of each of your businesses are factually complex, do you have any specific ways in which your legal team learns the business of your organization? 

– Take on additional responsibilities at work– Find a mentor.– Enroll in business courses– Learn from your mistakes

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Panel & Audience Questions:How are business strategic goals shared with the legal team at your organization

– How do you align the legal role to promote a specific business strategy?• A critical first step is knowing what your business clients think of your current level of alignment. This often involves interviewing select business clients and reviewing the results of any pre‐existing or current client satisfaction surveys.

• Have a seat at the table early in the process of defining new business ideas. 

• Well‐aligned law departments counsel the business by developing viable legal‐business alternatives that appropriately manage the identified risks.

• Identify possible efficiency improvements in legal services and initiate action plans to make necessary changes.

• Well‐aligned law departments provide the business with greater insights into the source and drivers of legal spending.

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Audience Q&A