Modern legal teams want to be seen as partners to the overall business, driving profits rather than just avoiding losses or adding to overhead. In order to be seen as business partners, legal teams have to adopt business best practices. That means measuring and managing some key performance indicators (KPIs).
KPIs allow legal teams to precisely describe, analyze, and improve the work they do to benefit the organization. By tracking legal KPIs, you can measure your team's productivity and can help correct problems in the contract development process -- so legal stays a source of revenues, not overhead.
In this eBook, we'll outline 20 KPIs that legal teams should be tracking, both so they can account for their own business impact and to improve their ability to drive profits.