Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
What are Legal Technology OKRs?
The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.
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 Technology 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 Technology 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.
- 1. Create a Tability account
- 2. Click on the Generate goals using AI
- 3. Describe your goals in a prompt
- 4. Get your fully editable OKR template
- 5. Publish to start tracking progress and get automated OKR dashboards
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.
- 1. Create your Tability account
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on Generate analysis
- 4. Review the suggestions and decide to accept or dismiss them
- 5. Publish to start tracking progress and get automated OKR dashboards
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 Technology OKRs examples
You'll find below a list of Objectives and Key Results templates for Legal Technology. 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
- 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
- KRNegotiate 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
- KRDecrease 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
OKRs to enhance Operational Efficiency & Productivity of Legal Team
- ObjectiveEnhance Operational Efficiency & Productivity of Legal Team
- KRIncrease process automation by 30% to reduce manual legal tasks
- Train staff on utilizing automation tools effectively
- Invest in automation software targeting identified tasks
- Identify tasks suitable for automation within legal processes
- KRImplement 2 new productivity tools and train the team to proficiently utilise them
- Schedule and conduct training sessions for the team
- Identify 2 suitable productivity tools aligned with team needs
- Create comprehensive, user-friendly training materials for both tools
- KRAchieve a 20% improvement in meeting Key Performance Indicators (KPI) targets
- Conduct regular training sessions to enhance team performance
- Implement a system for regular monitoring and evaluation of KPIs
- Identify weak areas in current KPI tracking and create improvement strategies
Legal Technology 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
The rules of OKRs are simple. Quarterly OKRs should be tracked weekly, and yearly OKRs should be tracked monthly. 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
Spreadsheets are enough to get started. Then, once you need to scale you can use Tability to save time with automated OKR dashboards, data connectors, and actionable insights.
How to get Tability dashboards:
- 1. Create a Tability account
- 2. Use the importers to add your OKRs (works with any spreadsheet or doc)
- 3. Publish your OKR plan
That's it! Tability will instantly get access to 10+ dashboards to monitor progress, visualise trends, and identify risks early.
More Legal Technology OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to establish profitability foundations OKRs to decommission all identified systems by 2024 OKRs to enhance data-driven decision making using shopper data OKRs to improve efficiency of payroll processing metrics OKRs to reduce monthly dining out expenditures by half OKRs to sustain at least a grade B or C in my academic performance