Companies need experienced leaders to operate in a global economy. And now we need a full-time legal team.
As a law student you may – for whatever reason – have been invented as a law fanatic. But this whole conversation loses its meaning without important advice:
It is your contribution to the organization that supports them!
This is usually handled by the internal legal team:
- Advice to companies on legal compliance issues
- Supervision of operations to ensure operational stability
- Company law support
- Identification of risks and solutions in line with the company’s vision.
- Implementation of internal policies
- Monitoring budgetary strategies to ensure compliance with the rules
However, this list is neither standard nor exhaustive in itself. As deputy general advisor of company X, you are responsible for the structure of the company.
It is essential that you invest your time, money and resources to use certain management skills to strengthen your game.
Here are the five key management skills you need to develop today to lead a strong legal team tomorrow:
- A good knowledge of business, finance and law
These conceptual skills are certainly the most important and fundamental prerequisite for success as a corporate lawyer.
Yes, university courses teach you the basics of industry, but that’s just the beginning.
It is important to learn how to apply these concepts to business and to understand that corporate law is dynamic and demanding.
If you don’t remember the concept and don’t apply it at the right time, you lose the ball on your pitch But how do you use yourself?
Take examples from real life. Set a deadline. Study them. Get your playground ready. Then compare your score with the original to test your understanding and exploit the missing spaces.
The best? You can do it individually and be one step ahead of your colleagues to get the job of your dreams!
- Communication skills
As a lawyer, it is your responsibility to provide information both verbally and in writing. It’s impressive to have jargon, but it’s just as important to express it in the right context and style.
Let’s say you’re the deputy head of a company’s compliance department.
Your ideal responsibility requires you to plan, create detailed reports and communicate with your team for research and other operational work.
How do you insure yourself against the inconvenience of regular follow-up investigations and similar excessive measures? The answer is communication!
If you want all stakeholders in your company to see problems and solutions from the same perspective as you, then communication is very important. It works both ways: Communication helps to see different perspectives.
To develop these skills:
- Management of university projects.
- Take an active part in the class discussions.
- Break the chain of complex information into simpler Lego blocks and explain them to the layman.
No one can teach you how to communicate. Put yourself in uncomfortable situations that put your communication skills to the test. Trust us, it will help you become a genius in corporate law!
- decision-making capacity
As a manager you have to make many decisions that have financial consequences for the organization in the long term. Of course you’re bound to stress and fear.
How do we meet this challenge? We advise you to start as soon as possible.
Suppose you currently specialise in corporate law. Your tasks and projects obviously require a lot of time and effort in addition to decision making.
Don’t doubt your choice. Be a good girl. Examine the company’s expectations, compare them with available resources and develop a strategy.
Sometimes your decision will work to your advantage. Sometimes not.
It is important to take responsibility for your actions here. Since you are an executive, your company will either recommend you for a promotion or give you feedback on the actions taken by your team.
- Time management skills
Like any manager, your professional record will always be full of tasks. This is where your control skills are put to the test.
A solution? Delegate!
Although this seems an obvious choice, it is easier said than done.
The delegation had to show patience, analysis and trust. The fact that your team represents you in the company does not mean that their mistakes can cost you or that their diligence can reward you.
The objective of the Delegation was to ensure that the work was carried out efficiently and within a limited timeframe. This is where your analytical and decision-making skills come in handy.
And how are you going to build on that base now? Start today.
Universities do not save students with tasks, projects and exams. Start testing yourself. Let’s see how well you work under pressure. This activity will help you become a stronger leader tomorrow.
- Emotional Information (EK)
Although the equalizer is not necessarily a management knowledge, it is important to include it as an advisory leader.
In a fast, stressful and explosive work environment, you can give your employees a job and make a good old-fashioned company one of the best in its field.
And while the legal community encourages you to break expectations, this strategy will not only help you become a successful leader.
To bridge this gap, it is necessary to create sympathy and a positive attitude within your team, so that they can trust you.
Talk to them. Take his advice. Examine their situation, if there is one. Such a great relationship motivates your team to do just that little bit extra and work harder than necessary.
Isn’t that what all leaders want? And with the legal component of the technical field of pressure to transcend the rules of all lawyers with an iron fist.
A little lightness will help you to go far with your team, which will have a good effect on performance!
Final remarks
The legal team is one of the most respected departments in the organization. From board members and executives to young executives and interns, they keep their hands on the cut.
If you have the Deputy Chief Compliance Officer in front of you, remember this:
Big titles imply big responsibilities, big responsibilities imply big motivation.
Performances are not a piece of cake. But a strong mastery of these control skills tilts the lever in your favor.
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