Start innovation with a “minimum lovable product”: Build something small but usable, test whether it truly resonates, then tweak and scale or pivot based on feedback before investing heavily.
Prioritization is a legal superpower: With limited time and resources, in-house teams must continuously decide what to pursue, pause, or stop. Clear frameworks and psychological safety enable better trade-offs, earlier pivots, and stronger decisions.
Decisiveness depends on clear risk boundaries: Lawyers make better, faster decisions when it’s clear where flexibility exists and where it doesn’t. Shared boundaries help teams act with confidence, even when decisions must be made with incomplete information.
Some risks are non-negotiable: Legal and ethical obligations come first. Within those guardrails, in-house counsel can still think entrepreneurially by documenting decisions, building defensible positions, and finding compliant paths forward.
Innovation scales through structure and shared ownership: Sustainable innovation comes from consistent, incremental progress. When teams align on priorities, use the right tools, and share responsibility, innovation becomes a habit rather than a one-off effort.
How can in-house counsel move faster without compromising compliance?
Start with non-negotiables like ethics and mandatory compliance, then use a clear risk appetite to decide where “roughly right” is acceptable and where you need a higher bar.
How should in-house teams approach innovation and new initiatives?
Start small with a “minimum lovable product,” test whether it resonates, then scale, rebuild, or pivot based on real feedback before investing significant time or resources.
How can legal teams make better, faster decisions for the business?
Simplify choices for internal clients by presenting two or three clear options, with a recommended path forward, to reduce decision fatigue and enable action.
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