Results ❯  Legal & Compliance Consulting Solutions ❯  Developing a Purpose-Built Strategic Plan

Situation

A large independent power producer, with power plants located throughout the United States, had emerged from a difficult financial situation with significant litigation and changes to its business model. The law department needed to adapt to a new management team, a more focused business model and a refined risk profile.

Solutions

Our professionals:

  • Developed a purpose-built strategic plan in conjunction with the general counsel’s office, which reflected input from key stakeholders across the company, including executive management and business unit leadership.
  • Assembled a 3-year roadmap to better align the law department’s people, process and technology with the new business strategy.
  • Developed new metrics to drive financial stewardship and enable robust reporting of results and value added.

Benefits

Under the new plan, customer satisfaction scores increased materially, reflecting the new business-oriented approach and organizational structure. Managing to the new financial profile resulted in more than a 40 percent reduction in outside legal spend.

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About

Morae Global is trusted worldwide to transform legal, risk and compliance through results-oriented and technology-enabled solutions, and reinvent the legal function as an efficient and integral part of the business value chain.

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