3 customisable OKR examples for Legal Advisor
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.
Building your own Legal Advisor OKRs with AI
While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own OKRs.
Our customisable 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!
1. OKRs to achieve efficiency in contract reviews and legal cost reduction
- Achieve efficiency in contract reviews and legal cost reduction
- Implement automated legal tech tools to assist with contract reviews
- Select and purchase a suitable automated contract review software
- Train the team to use the selected tech tools effectively
- Research various automated legal tech tools available in the market
- Negotiate or reassess fees with legal service providers for 15% cost reduction
- Initiate negotiation meetings with each provider
- Research market rates for comparison in negotiations
- Identify current legal service providers and review contract details
- Decrease average contract review time by 50%
- Train staff on efficient contract reviewing techniques
- Implement automation tools to expedite contract review process
- Streamline the contract review workflow
2. OKRs to broaden understanding of royalty components in contracts
- Broaden understanding of royalty components in contracts
- Complete an advanced course on contract royalty structures by the end of Q2
- Research and select an advanced contract royalty course
- Take course exams and complete course work
- Enroll in chosen course and schedule study times
- Conduct informative discussions with 3 expert lawyers on contractual royalties
- Schedule and conduct informative discussions with each lawyer
- Identify and reach out to 3 expert lawyers in contractual royalties
- Prepare comprehensive questions about contractual royalties
- Analyze and comprehend 20 past contracts with differing royalty conditions
- Summarize findings for applicable learning points
- Identify the varying royalty conditions in each
- Organize and review 20 past contracts for evaluation
3. OKRs to master nonprofit corporation law and excel in filing assistance
- Master nonprofit corporation law and excel in filing assistance
- Assist 50 customers successfully in submitting their corporation filings
- Develop a step-by-step guide for corporation filing process
- Provide personalized assistance to each customer
- Follow up with customers to confirm successful submission
- Complete an in-depth course on nonprofit corporation law in six weeks
- Complete all assigned coursework and assessments on time
- Develop a six-week study schedule
- Select a comprehensive course on nonprofit corporation law
- Identify and document at least 20 common issues customers face with filings
- Identify 20 recurring problems within these complaints
- Document each problem clearly and concisely
- Look over past customer complaints for filing issues
Legal Advisor OKR best practices to boost success
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.
How to turn your Legal Advisor OKRs in a strategy map
Your quarterly OKRs should be tracked weekly in order to get all the benefits of the OKRs framework. Reviewing progress periodically has several advantages:
- It brings the goals back to the top of the mind
- It will highlight poorly set OKRs
- It will surface execution risks
- It improves transparency and accountability
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, once you get comfortable you can graduate to a proper OKRs-tracking tool.
If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.
More Legal Advisor OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to boost engagement levels of current supporters OKRs to foster an atmosphere of transparency and trust OKRs to increase overall property sales performance OKRs to increase LinkedIn activity on the company page OKRs to improve team responsiveness OKRs to increase community growth
OKRs resources
Here are a list of resources to help you adopt the Objectives and Key Results framework.
- To learn: What is the meaning of OKRs
- Blog posts: ODT Blog
- Success metrics: KPIs examples
What's next? Try Tability's goal-setting AI
You can create an iterate on your OKRs using Tability's unique goal-setting AI.
Watch the demo below, then hop on the platform for a free trial.