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4 OKR examples for Legal Advisor

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Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.

What are Legal Advisor OKRs?

The OKR acronym stands for Objectives and Key Results. It's a goal-setting framework that was introduced at Intel by Andy Grove in the 70s, and it became popular after John Doerr introduced it to Google in the 90s. OKRs helps teams has a shared language to set ambitious goals and track progress towards them.

Formulating strong OKRs can be a complex endeavor, particularly for first-timers. Prioritizing outcomes over projects is crucial when developing your plans.

We've tailored a list of OKRs examples for Legal Advisor to help you. You can look at any of the templates below to get some inspiration for your own goals.

If you want to learn more about the framework, you can read our OKR guide online.

The best tools for writing perfect Legal Advisor OKRs

Here are 2 tools that can help you draft your OKRs in no time.

Tability AI: to generate OKRs based on a prompt

Tability AI allows you to describe your goals in a prompt, and generate a fully editable OKR template in seconds.

Watch the video below to see it in action 👇

Tability Feedback: to improve existing OKRs

You can use Tability's AI feedback to improve your OKRs if you already have existing goals.

AI feedback for OKRs in Tability

Tability will scan your OKRs and offer different suggestions to improve them. This can range from a small rewrite of a statement to make it clearer to a complete rewrite of the entire OKR.

Legal Advisor OKRs examples

You'll find below a list of Objectives and Key Results templates for Legal Advisor. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.

Hope you'll find this helpful!

OKRs to achieve efficiency in contract reviews and legal cost reduction

  • ObjectiveAchieve efficiency in contract reviews and legal cost reduction
  • KRImplement automated legal tech tools to assist with contract reviews
  • TaskSelect and purchase a suitable automated contract review software
  • TaskTrain the team to use the selected tech tools effectively
  • TaskResearch various automated legal tech tools available in the market
  • KRNegotiate or reassess fees with legal service providers for 15% cost reduction
  • TaskInitiate negotiation meetings with each provider
  • TaskResearch market rates for comparison in negotiations
  • TaskIdentify current legal service providers and review contract details
  • KRDecrease average contract review time by 50%
  • TaskTrain staff on efficient contract reviewing techniques
  • TaskImplement automation tools to expedite contract review process
  • TaskStreamline the contract review workflow

OKRs to broaden understanding of royalty components in contracts

  • ObjectiveBroaden understanding of royalty components in contracts
  • KRComplete an advanced course on contract royalty structures by the end of Q2
  • TaskResearch and select an advanced contract royalty course
  • TaskTake course exams and complete course work
  • TaskEnroll in chosen course and schedule study times
  • KRConduct informative discussions with 3 expert lawyers on contractual royalties
  • TaskSchedule and conduct informative discussions with each lawyer
  • TaskIdentify and reach out to 3 expert lawyers in contractual royalties
  • TaskPrepare comprehensive questions about contractual royalties
  • KRAnalyze and comprehend 20 past contracts with differing royalty conditions
  • TaskSummarize findings for applicable learning points
  • TaskIdentify the varying royalty conditions in each
  • TaskOrganize and review 20 past contracts for evaluation

OKRs to master nonprofit corporation law and excel in filing assistance

  • ObjectiveMaster nonprofit corporation law and excel in filing assistance
  • KRAssist 50 customers successfully in submitting their corporation filings
  • TaskDevelop a step-by-step guide for corporation filing process
  • TaskProvide personalized assistance to each customer
  • TaskFollow up with customers to confirm successful submission
  • KRComplete an in-depth course on nonprofit corporation law in six weeks
  • TaskComplete all assigned coursework and assessments on time
  • TaskDevelop a six-week study schedule
  • TaskSelect a comprehensive course on nonprofit corporation law
  • KRIdentify and document at least 20 common issues customers face with filings
  • TaskIdentify 20 recurring problems within these complaints
  • TaskDocument each problem clearly and concisely
  • TaskLook over past customer complaints for filing issues

OKRs to secure funding for target acquisition effectively

  • ObjectiveSecure funding for target acquisition effectively
  • KRNegotiate down terms to less than market rate with at least two sources
  • TaskIdentify at least two potential sources for negotiation
  • TaskInitiate negotiation with chosen sources, targeting below-market rates
  • TaskResearch average market rates for desired service or goods
  • KRFinalize acquisition financing deal, securing at least $Xm funding
  • TaskConfirm receipt of at least $Xm in funding
  • TaskReview and finalize terms and conditions with lenders
  • TaskSecure legal approval for financing deal
  • KRIdentify 4 potential funding sources with suitable terms by week 6
  • TaskResearch types of potential funding sources on the internet
  • TaskCompile information on 4 funding sources
  • TaskAnalyze terms and conditions of each source

Legal Advisor OKR best practices

Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.

Here are a couple of best practices extracted from our OKR implementation guide 👇

Tip #1: Limit the number of key results

Focus can only be achieve by limiting the number of competing priorities. It is crucial that you take the time to identify where you need to move the needle, and avoid adding business-as-usual activities to your OKRs.

We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.

Tip #2: Commit to weekly OKR check-ins

Having good goals is only half the effort. You'll get significant more value from your OKRs if you commit to a weekly check-in process.

Being able to see trends for your key results will also keep yourself honest.

Tip #3: No more than 2 yellow statuses in a row

Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples above). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.

As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.

Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.

Save hours with automated OKR dashboards

AI feedback for OKRs in Tability

Your quarterly OKRs should be tracked weekly if you want to get all the benefits of the OKRs framework. Reviewing progress periodically has several advantages:

Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, you can move to Tability to save time with automated OKR dashboards, data connectors, and actionable insights.

How to get Tability dashboards:

That's it! Tability will instantly get access to 10+ dashboards to monitor progress, visualise trends, and identify risks early.

More Legal Advisor OKR templates

We have more templates to help you draft your team goals and OKRs.

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