This InfoPAK takes a unique, practitioner-focused approach to exploring the ACC Value Challenge initiative (“AVC”) of reconnecting cost and value within the context of small law departments. Using case-studies proffered by in-house counsel from various small law departments, this InfoPAK examines the ways in which these small law department practitioners have implemented the concepts and principles espoused in the AVC into every day practice. Starting with the general principles of the AVC, it then provides details on each in-house counsel’s unique experiences in implementing the value-based concepts, followed by a summary of the practices utilized and the key takeaways for readers. Finally, the InfoPAK provides additional practical guidance, including an extensive list of additional resources on the topic from both the ACC Value Challenge library, general resource collections, various topic-specific checklists, and other highly relevant articles at the end of the document.
The author discusses one of the worst maritime disasters of the early 20th century to teach a lesson about bureaucratic organizations and good intentions.
Sherri Sampson, general counsel of GMAC, shares her thoughts on developing an effective legal department, collaborating with business partners and adapting to globalization.
The author discuses how focusing on business ethics can help strike a balance between the benefits and associated harm of corporations.
Looking back on his own journey through the Cumberland Gap, the author draws a unique parallel between the trials of the early pioneers and a case involving DAD'S Root Beer.
When negotiations begin to feel like teenage politics, something is wrong. Instead of playing this zero-sum game, the author discusses ways to increase value from a legal and business perspective.
You’ve just been appointed general counsel of the company. Now what? The next 90 days are probably the most important of your career to date. From working with your assistant to partnering with the C-suite, this article provides suggestions on how to focus your time during the first three month in your new role. Spend your time wisely, or else it might be the beginning of the end.
This article outlines ten alternatives to the sometimes lengthy (and costly) litigation process.
Despite the hard work and long hours that are synonymous with legal departments, they are often unappreciated and viewed as an impediment to progress. By following the three-step approach presented in this article, however, you can promote cross- organizational cooperation, while still managing risk effectively, and help your company better achieve its overall goals.
Renegotiating existing sourcing contracts is an excellent way to bring new value and innovation to your company and its suppliers. Maximizing leverage is often said to be the most important part of this process, but there are many other factors that must be considered. Learn how to get the most out of your renegotiation, while strengthening the relationships with your suppliers.