What is Corporate Law (or, a Legal Department)?
The Corporate Legal Department plays a vital role in the overall operation of the company by overseeing risk, litigation activities, intellectual property and compliance with regulations and laws. Legal Departments may also maintain relationships with government (state, federal, etc.) officials and trade associations to improve the company's legal position and ensure that employees are in compliance with various internal and external policies and regulations (includes training employees on such policies and regulations). Legal Departments must also protect the firm's intellectual property (includes submitting copyright, patent and trademark applications and defending those assets against infringement), define strategies for potential mergers or acquisitions, and work to standardize the storage, security and distribution of legal documents.
Legal Benchmarking ReportBenchmarking Report Bundle
Attorneys per Legal Administrative EmployeeBenchmarking Report
Legal KPI EncyclopediaKPI Encyclopedia
Legal Best Practices GuideBest Practices Guide
Legal Organization Chart TemplateOrg Chart Template
Insurance Licensing & ContractingWorkflow Template
Legal Department Staffing Ratio
The total number of company-wide employees divided by the number of Legal Department employees (across all the Legal function's sub-groups) working for the company at the same point in time,...
KPI Type : Organizational
Formula : Total Number of Company-Wide Employees / Total Number of Legal Department Employees
KPI Benchmark Range : 56 - 456
A typical corporate legal department is composed of several common sub-functions, or teams, that work together to protect the organization's assets and mitigate any legal or regulatory risk inherent in the company's day-to-day operations. Browse our Legal organization chart page to learn about the roles and responsibilities of each major function. Then, download our org chart template (PDF, Visio, PPT) to further understand the corporate legal organizational structure, and support improvement efforts within corporate legal operations.
Insurance Licensing & Contracting
This workflow template illustrates the licensing of new Insurance Sales representatives (agents, brokers), at the state level, as well as renewals and terminations of insurance licensing. Pu...
Type : Workflow Template
Process Participants : Insurance Representative, Licensing Specialist, Document Manager
Check out our corporate legal best practices page to view selected descriptions of work methods that have been proven to produce better results (as compared to other, similar methods). Want more? Download our Legal best practices guide, which provides a healthy selection of valuable best practices that can be incorporated to improve corporate legal operations. There might not be only one "best" way to perform every task. However, there is always a "better" way.