LEGAL OPERATIONS DEVELOPMENT PROGRAM

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LEGAL OPERATIONS DEVELOPMENT PROGRAM Profit is what happens when you get everything else right. — Yvon Chouinard

Transcript of LEGAL OPERATIONS DEVELOPMENT PROGRAM

LEGAL OPERATIONS DEVELOPMENT PROGRAM

Profit is what happens when you get everything else right.

— Yvon Chouinard

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.

Growth is never by mere chance; it is the result of forces working together.

— J.C. Penny

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

E. [email protected]

W. https://profitfromlegal.com/

https://www.facebook.com/groups/profitfromlegal

https://www.linkedin.com/groups/13936380/