Tip #2: Get Tactical (Sun Tzu style)

A continuation of our Top 5 Tips Small Legal Departments should (must) follow series.

Sun Tzu seems to be the perfect guide for small GCs trying to navigate through the growth/ challenge cycles within their companies. Some tips in laying strategums, we thought GCs would be interested in learning from;

• Laying plans/ The calculations: To calculate, even if it is a back of the napkin (maybe a little more than the back of a napkin) for 2 years out, is mandatory. It may be not be accurate but it is the starting point.  This will take into account the company's projections, any new areas of growth, existing liabilities and a risk assessment. Once this simple (yeah sure) exercise is done - put a number to it in terms of hours, outside counsel hours required and a blended rate for cost. You have semblence of control.
• The Challenge: Look at the challenges the company might face. Assess the risk and do the math
• Positioning: What is the cash position of the company to deal with the issues? GCs plan optimally with the cash on hand.
• Directing: Direct your team. Its a chess game. Position you pieces and move them into position as and when required.
• Maneuvering: Some situations will require tact or the lack of it. Do it. Dont hesitate.
• Variation of tactics: Make sure your arsenal is well equipped. Look at the market, educate yourself and know your options. When required you need to change tactics quickly in order to tackle a situation.
• Motivating: Be the cheerleader. Enough said.