Hereâs the replay of our 'Ask the Expert' event where Iris Chen and Milana Homsi McCullagh took you through their experiences of building world-class legal teams under time constraints and shared their top tips for legal professionals in the same situation.
â
â
Meet the Presenters:
â
Host:
â
âRaad Ahmed, CEO & Founder at Lawtrades
â
Panelists:
â
- Iris Chen, DGC, Airbnb; former VP of Legal, Google
- Milana McCullagh, DGC, VP of Legal, Coinbase; Director of Legal, Google
â
Key Takeaways:
â
- Prioritize team building
- Be prepared to constantly adapt & re-assess goals
- Plan observation time in order to understand the âoperating systemâ of the company
- Focus on initiatives that have the most âbangâ for the company
â
Donât rush to take action:
â
11:10-16:08
â
- Iris: âAsk a lot of questions and conduct your own 360°assessmentâ
- Spend the first month listening, reflecting, and planning
- Schedule Zoom calls to meet and assess the team
- Understand the crucial functions of the company, and where they may interact with the legal team
- Navigate the cross-functional efforts
- Milana: âYou need that observation and reflection timeâ
- Come up with a 90-day plan
- Prioritize what needs to be done immediately, what needs to be done in 6 months, and what can be placed on the back-burner
- Take any value from previous work experience (esp. from a larger workplace) and anticipate needs accordingly
â
Build your Team:
â
16:08-25:19
â
- Milana: âMy number one priority is recruiting and staffing top talentâ
- Assess talent and figure out what you need
- Plan to spend a lot of time hiring
- Hire those that can handle complex initiatives
- Form a narrative as to why the opportunity is compelling
- Rely on networks to target candidates
- Iris: âHire good general athletesâ
- You get the best âmileageâ from those who are capable of plugging into different roles and meeting the evolving needs of the business
- Assess goals of individual team members in order to match positions that align with their goals
- Put necessary time into defining and clarifying roles
- Utilize a point of contact directory, so people know who to go to when issues arise
â
Prioritize:
â
31:25-38:08
â
- Milana: âYou canât scale without the basics in place on the commercial sideâ
- Figure out a contract management solution that works
- Implement a robust and seamless deal approval process
- Build close relationships with the product team & compliance
- Make sure product managers understand your role
- Iris: âItâs challenging to make sure information is being shared with the right people at the right timeâ
- Utilize a âweekly reportâ that is shared between legal and business departments
- Forms visibility into what team members are working on while providing a window into what the business is doing
â
Set Expectations:
â
38:08-46:05
â
- Milana: âArticulate your expectations both in terms of the what and the howâ
- Figure out what you are trying to achieve, articulate your mission & define roles appropriately
- Balance the risks & rewards
- Make space for social interactions, especially if you are a new team leader
- Set expectations not only with your team, but amongst your clients and other business partners
- Iris: âCan't emphasize enough how important it is to build trust and credibilityâ
- Invest in initiatives that empower your team to operate smartly, efficiently, and consistently with the standards youâve set
â
Want to continue the conversation? Request access to join our exclusive community of legal professionals where Iris and Milana are answering your hypergrowth questions!
â
Also, look out for our next event workshop, âWorking for yourself after in-house: legal professionals going out on their ownâ, on September 16th!
â