Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
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.
The best tools for writing perfect Legal Advisor 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
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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 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!
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 broaden understanding of royalty components in contracts
ObjectiveBroaden understanding of royalty components in contracts
KRComplete 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
KRConduct 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
KRAnalyze 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
OKRs to master nonprofit corporation law and excel in filing assistance
ObjectiveMaster nonprofit corporation law and excel in filing assistance
KRAssist 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
KRComplete 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
KRIdentify 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
OKRs to secure funding for target acquisition effectively
ObjectiveSecure funding for target acquisition effectively
KRNegotiate down terms to less than market rate with at least two sources
Identify at least two potential sources for negotiation
Initiate negotiation with chosen sources, targeting below-market rates
Research average market rates for desired service or goods
KRFinalize acquisition financing deal, securing at least $Xm funding
Confirm receipt of at least $Xm in funding
Review and finalize terms and conditions with lenders
Secure legal approval for financing deal
KRIdentify 4 potential funding sources with suitable terms by week 6
Research types of potential funding sources on the internet
Compile information on 4 funding sources
Analyze terms and conditions of each source
Legal Advisor 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
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Your quarterly OKRs should be tracked weekly if you want 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, you can move to 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 Advisor OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to increase high-quality leads in the trade finance sector
OKRs to enhance service infrastructure to improve customer satisfaction
OKRs to enhance the efficiency of putaway and picking strategies
OKRs to strengthen market positioning in Spain
OKRs to implement CX platform (Service Now)
OKRs to reduce app loading time by 20%