LEGAL PROJECT MANAGEMENT SERVICES
Global mergers, acquisitions, divestments, and restructurings generally include a significant number of elements that must be coordinated such that the legal and financial exposure is kept to a minimum. Moreover, these projects may span several countries with a diverse set of local counsels whose overall vision of the project may be limited to their jurisdiction. Often the project management element of these endeavors is forgotten or left to whoever takes the initiative to sort out. Such an approach can result in project disorganization, higher legal fees and potentially higher legal and tax exposure.
The key aspects of Circonlex's management services are :
- Resource Coordination
- Risk Identification and Mitigation
- Planning and adjustment
Resource coordination involves directing and instructing local counsel, communicating with the client with regards to internal components and individuals within the legal, tax, treasury, regulatory and accounting functions. Circonlex also helps interpret guidance from local counsel in order to help identify issues and planning constraints.
During the course of a project risks must be continuously identified and communicated to the people who can help eliminate or mitigate such risks so as not to delay or cause substantial budget overruns. This constant monitoring is also fed back into the project plan in order to regularly adjust key dates and milestones so that the project plan remains realistic.
Finally, the key to all projects is communication. All key individuals whether internal to your company or outside counsel must be kept abreast of the project planning and changes thereto in order to be effective. Comprehensive communication to the entire project team also ensures that all key persons are engaged and aware of their contribution to the overall success.
Circonlex's managers have over 10 years of project management experience and as former lawyers are familiar with managing and directing large complex projects with a significant legal element. Circonlex insures that the project moves forward based on the timelines that the client has set and that all moving pieces are coordinated such that no critical step is missed. The managers also identify and expose risks during the course of the project as well as ensuring open communication amongst all local counsel and other primary stakeholders in the project.