Balancing Your Legal Scorecard - Part 2

Balancing Your Legal Scorecard

A Performance Management Tool
For The Legal Department

The Balanced Scorecard Perspectives

The four perspectives of the Scorecard provide a balance between short term and long-term objectives, between desired outcomes and drivers for those outcomes and between objective and subjective performance measures.

Many measurement frameworks advocate a balanced range of measures. The Balanced Scorecard is prescriptive about this range, and about how one perspective defines the drivers for the next.

Financial Perspective:
The Balanced Scorecard encourages legal departments to identify their specific financial objectives as relates to the financial objectives of the entire organization. Thus, the legal department embraces the organizations financial strategy. As such, the financial objectives serve as the focus for the legal department