LEGAL OPERATIONS DEVELOPMENT PROGRAM
Transcript of LEGAL OPERATIONS DEVELOPMENT PROGRAM
LEGAL OPERATIONS DEVELOPMENT PROGRAM
Profit is what happens when you get everything else right.
— Yvon Chouinard
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UNTIL YOUR BUSINESS HAS THE RIGHT LEGAL SUPPORT, YOU’LL NEVER BE AS PROFITABLE, VALUABLE, PEACEFUL, OR RESILIENT AS YOU COULD BE.
After nearly a decade of working with small businesses, we’ve found
that, because small-to-medium businesses don’t have the right legal
support, they experience three major problems:
01 Below-Potential Value | Profitability
Small-to-Medium Businesses typically do not reach their full value
potential. This happens primarily because they don’t create and
protect the asset ecosystems that maximize the value of their
business. Value comes not just from high value assets, but from well-
protected ecosystems of assets that all enhance each other.
02 High Stress | At Risk of Burnout
Stress has been called the ‘health epidemic of the 21st century’ by
the World Health Organization and is estimated to cost American
businesses up to $300 billion per year. Attracting and retaining
top talent, and implementing efficient and effective systems and
processes are essential for minimizing stress.
03 Fragility | At Risk of Disruption
Entrepreneurs and SMBs tend to be underrepresented by legal
counsel, and often do not involve a lawyer, even when they have a
significant legal event. Even businesses that do have in-house or
outside general counsel tend to do a poor job of tracking Legal KPIs
and measuring ROI from legal support.
A business without profitable, preventive legal support will not reach
its full potential, will struggle to grow and scale, and will have an
unnecessarily high risk of disruption.
A financially healthy company is a result of a series of small daily financial wins, not one big moment. Profitability isn’t an event; it’s a habit.
— Mike Michalowicz
THE FIVELEGAL E’S
ENCOUNTERObjectively evaluate what is working and what isn’t. Encounter is all about engaging with
your circumstances. Observe where you are, how you got there, and how that makes you feel.
EXPLOREDefine the win. Create guidelines for working toward goals. Explore is about fixing your
eyes on a single point on the horizon, and deciding which steps toward that point are
directionally correct.
ENRICHSustain essential systems; harmonize different approaches; and replicate profitable
patterns. Enrich is about fertilizing what is yielding the best fruit, designing exciting
hybrids, pruning what’s too wild, and cultivating your best crop.
ENVISIONConvey improved mental models for achieving ideal outcomes. Envision is about shared
vision; so, communication is key. Connect the dots for your team. Inspire them to reflect
your illuminating ideal.
ENFORCEEstablish systems that sustain desirable momentum and reduce operational friction.
Enforce is all about creating cycles of reporting and adjusting to keep everything flowing in
the correct directions. Prefer principles to rules.
Using the Five Legal “E”s improves outcomes by creating the conditions necessary to
improve and align mindset, decision-making, and incentives in an organization,
optimally, with legal support delivering counsel and solutions.
ATTAIN A HIGHERVALUATIONWhen you focus on improving legal profitability, your
legal support will help you build asset ecosystems.
As a result, your business will be worth more, cash
flow will improve and hiring talented support staff
will be easier.
TRANSFORM YOUR LEGAL SUPPORT FROM A COST CENTER TO A PROFIT ENGINE!
ELIMINATEOVERWHELMWhen you focus on improving legal profitability, your
legal support will help you build your ideal team,
aligning their incentives with your enterprise’s goals.
Consequently, you’ll have more time and focus to
pursue your business development goals.
ENHANCE RESILIENCEWhen you focus on improving legal profitability,
your legal support will give you the perspective and
agility you need to spot and avoid the risks ahead.
With greater foresight and improved responsiveness
to risk, your business will become more resilient and
less vulnerable to disruption.
PROFIT FROM LEGAL™ LEGAL OPERATIONS INSTALL SERVICE
Together with our Profit from Legal™ clients, we create
the conditions necessary for them to use legal services
to become more profitable. We are on a mission to
change the way SMBs and lawyers work together. We
see a future in which every small business uses legal
support to be stronger and more successful.
Low Profitability & Business Valuation Profitability not optimized to get the most ROI from legal support.
Little, if any objective value without the founder or chief technician
High Business Stress & Business FragilityHigh Burn-out Risk. High Risk of Disruption
Poor or Uncertain ROI from LegalHas not implemented or is not efficiently & effectively tracking
legal KPIs
Unable to Attract and Retain Top TalentIncentives from the business to high-performing employees aren’t
aligned
Trouble Scaling the BusinessDifficulty Growing a Team and forming Strategic Partnerships
Objectively evaluate
what is working and
what isn’t.
Define the win. Create
guidelines for working
toward goals.
Sustain essential systems;
harmonize different
approaches; and replicate
profitable patterns.
Establish systems
that sustain desirable
momentum and reduce
operational friction.
Convey improved mental
models for achieving ideal
outcomes.
THE PROBLEM
THE PROCESS
Encounter Explore Enrich Envision Enforce
THE PAYOFF
High Profitability & Higher Business Valuation
Reduced Business Stress & Enhanced Business Resilience
Reliable ROI Tracking for Legal Support
Attractive Working Environment for Industry “A” Players
Enhanced Scalability
Online Learning, LIVE Webinar Classes,
1:1 Virtual Coaching,
2-Month Program Timeline
8x 1-Week Productivity CyclesWeekly Themed Focus Points
TIMEDELIVERY MOMENTUM
SIMPLE SCORECARDWHEN YOU IMPROVE LEGAL PROFITABILITY, IT’S EASIER TO ADD VALUE, REDUCE STRESS, AND ENHANCE RESILIENCE.
Yvon Chouinard said, “Profit is what happens when you get everything else right.”
Learning to use legal services to become more profitable is, essentially, using legal services to get
everything else right in your business. When legal support is properly implemented and integrated
with your business’s operational workflows, improved profitability is the result.
Ready to Profit from Legal? Give yourself 1 Point for each YES
Would you like to improve your score? Connect with ExecutiveLP® for a free consultation!
Does your business have more than $1m in Annual Revenue?
Does your business have a team of ten (10) or more people?
Does your business have either in-house counsel or outside general counsel?
Does your business have to comply with any regulations?
Does your business have a clear organizational chart and well-defined roles for each person on it?
Are you using SMART goals in your business?
Are you prioritizing profitability in your business?
Are you growing your revenue by, at least, 15% per year?
Has your business experienced a significant legal event in the last year?
Do you want your business to be more profitable, more valuable, less stressful, and more resilient?
01-03Keep Growing! Contact ExecutiveLP® for a
free consultation about establishing basic
legal support for your business.
04-07You’re almost there! Schedule a Profit from
Legal™ Insight Workshop to learn about
Legal Profitability and start taking your
first steps towards using legal services to
improve profitability!
08-10You’re ready to Profit from Legal™! You
have made significant investments in
your legal support. You’re ready to start
developing legal operations solutions that
will be a legal profitability force multiplier.
YOU MAY KNOW US FROM OUR WORK WITH
WHAT OUR CLIENTS HAVE SAID
DR. RONALD GORDONMr. Bagwell is the essence of honesty and knowledge.
Moreover, if he is faced with a challenging issue that
is out of his expertise, he will point you in the right
direction.
As a client of Mr. Bagwell, I have benefited in a variety
of legal matters. He is, simply, an excellent Attorney.
EDMOND LEGUMIn his law practice, Noel Bagwell offers an advantage
to his clients. He’s smarter than others in his
profession. This is particularly beneficial when facing
other parties who may also engage experienced
attorneys. The bonus is he’s built his reputation on
a foun-dation of rock solid integrity. A good man to
have in your corner.
MANDI ZIELINSKINoel Bagwell is a progressive and detail oriented
attorney. He is honest and ethical and always puts
the client’s best interest first. He is available and
approachable. I personally, would never have another
attorney to represent my business or hire anyone
else for legal counsel.
“
THINK AHEAD. ENGAGE. WORK TO WIN.
Start improving legal profitability for your business. Take the FREE Legal
Profitability Scorecard, today!
https://profitfromlegal.scoreapp.com/
P. (615) 716-0606
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