In-House Tip: Enhance Negotiation Skills

Negotiation is a critical skill for in-house lawyers. 

Are you consistently securing favorable outcomes for your company? For many teams – this is simply not the case.

Here’s why strong negotiation skills are vital:

◼️Better Deals: Skilled negotiators secure more favorable terms, saving costs and reducing risks.

◼️Stronger Relationships: Effective negotiation fosters long-term, mutually beneficial relationships with partners and vendors.

◼️Risk Reduction: Well-negotiated contracts protect the company from unnecessary legal and financial risks.

◼️Strategic Influence: Strong negotiation skills enhance your influence in high-stakes business discussions.

◼️Problem Solving: Negotiation fosters creative solutions that satisfy all parties involved.

◼️Time Management: Skilled negotiators close deals faster, avoiding prolonged discussions and delays.

◼️Business Growth: Favorable terms in contracts and agreements contribute directly to business growth and profitability.

◼️Confidence Boost: Mastering negotiation builds your confidence in handling complex legal matters.

◼️Adaptability: Good negotiators adapt their strategies based on the situation and counterpart.

◼️Career Progression: Exceptional negotiation skills are a hallmark of top in-house legal professionals.

◼️Reduced Legal Costs: period!

If you’re serious about delivering value in-house—sharpen your negotiation skills. For in-house teams – this means improving the skills of the internal client as well.

Conclusion

Consider training them up – or even better – training alongside the team. 

Remember: The best in-house lawyers do not negotiate for the “win” – they negotiate for deals that work on terms acceptable to the Business.