In-House Tip: Enhance Cross-Functional Collaboration

Introduction

Are legal, procurement, finance, and business units aligned during your contracting process? 

All too often this is not the case – and worse – internal communications patterns can reflect perceived and actual power dynamics within the organisation.

Regardless of where legal sits on the internal “totem pole” – it cannot do its job – that is safely paper the deal – if all internal stakeholders are not communicating. 

So, being good at the in-house role is all about enhancing cross functional collaboration. 
 

When Explaining The Need For Effective Cross-Functional Collaboration To Your Internal Colleagues – Flag Up The Following: 

◼️Aligned Objectives: Ensure contracts meet both legal standards and business goals.

◼️Faster Cycles: Collaborative teams reduce delays and streamline approvals.

◼️Reduced Risks: Multiple perspectives identify and mitigate risks more effectively.

◼️Improved Accuracy: Cross-checking ensures contract terms are accurate and comprehensive.

◼️Better Relationships: Strong collaboration fosters trust and mutual respect.

◼️Innovative Solutions: Diverse input leads to creative contract structures and solutions.

◼️Consistent Standards: All departments adhere to uniform contract policies.

◼️Resource Efficiency: Shared responsibility reduces the burden on any one team.

◼️Seamless Communication: Clear channels prevent misunderstandings and delays.

◼️Business Success: Well-coordinated contracts support smooth operations and growth.

◼️Costs: reduced!
 

Conclusion

If you want a seamless contracting function–enhance cross-functional collaboration.

Remember: The best in-house legal teams work not in isolation, but in partnership with the business.