SAL-INSEAD LEGAL STRATEGY PROGRAMME

PROGRAMME CONTENT & LEARNING MODEL

The programme is organised around two main themes that legal leaders at law firms and organisations should focus on to be successful in the increasingly competitive and disrupted environment:

Formulating and Executing Strategy and Powering Strategy 

FORMULATING AND EXECUTING STRATEGY

This session works on the strategic thinking abilities of managers and reviews some of the key strategic challenges faced in the legal industry and legal profession. We will discuss several tools and frameworks to help us better understand a legal firm’s success, and how firms can develop a more effective competitive strategy to improve their performance and attain competitive advantage in their sector. Further, given the pivotal role of human capital in this sector, we will also discuss ways of attracting, retaining, and motivating talent. We will then explore the fundamental trade-offs and challenges faced when pursuing growth in legal firms and corporates. We will discuss different growth strategies and best practices that leaders in legal firms as well as corporates can implement to pursue growth in their organization, as well as means to overcome some of the key challenges to growth.

Firm success depends to a large degree on strategy execution. Legal professionals in law firms or companies are sometimes asked to contribute towards the execution of a growth initiatives, but often struggle to execute them effectively. In this session, we will explore the challenges to successful strategy execution in legal companies. Participants will be introduced to a systematic process of execution and implementing strategic initiatives. We will also discuss various tools to help participants successfully implement strategy and change in organizations. 

POWERING STRATEGY

This session will focus on corporate governance and introduce key terms essential for effective boards. We will examine how leaders can establish and understand rules, processes, procedures, and structures to maintain the highest levels of ethical behavior, accountability, transparency, and fairness at the board-level. Furthermore, we will highlight exemplary corporate governance practices from some top-performing organizations. We will then apply our learnings to a boardroom scenario in Virtual Reality based on a recently produced INSEAD VR-case study where senior managers make decisions to engage in a major strategic initiative (an acquisition), navigating conflicts of interest and board room tensions, and where we better understand corporate governance flaws and best practices, as well as non-financial considerations of acquisitions. This session will also feature an interactive discussion with an experienced BOD practitioner..

This session focus on strategic partnerships between firms. Participants will learn when law firms and corporates should enter partnerships with other companies to drive revenue, cross-sell services, enter new markets and gain access to new capabilities. Through a partnership simulation, participants will learn about the challenges and problems that emerge in strategic partnership and how to resolve such problems. Participants will also get exposed to best practices of successful partnerships and the learnings from failed partnerships. We will also learn how to make your firm more attractive as a partner-of-choice for others.

Case studies (including a virtual reality case study), lectures, classroom discussions, and games/simulations will provide participants opportunities to deliberate on the determinants of sustained success. Exposure to real-world issues will help participants work through possible approaches and solutions to the problems that leaders of professional service firms including law firms confront on a daily basis. The anticipated time commitment that participants should consider investing in pre-programme readings is expected to be approximately 2 hours.

DEVELOPED BY

15.5 Public CPD Points (TBC)
Day 1 - 8 Public CPD Points
Day 2 - 7.5 Public CPD Points

Practice Area:
Professional Skills

Training Category:
Advanced

Participants who wish to obtain CPD Points must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, participants are reminded to sign in on arrival and sign out at the conclusion of each day of the event in the manner required by the organiser. Participants must not be absent from each day of the event for more than 15 minutes. Participants who attend Day 1 and comply strictly with the Attendance Policy on that day may obtain 8 Public CPD Points. Participants who attend Day 2 and comply strictly with the Attendance Policy on that day may obtain 7.5 Public CPD Points. Participants who do not comply with the Attendance Policy on any particular day of the event will not be able to obtain CPD Points for that day. Please refer to http://www.sileCPDcentre.sg for more information.