Objective: Stop being the place deals wait
- Cut median contract turnaround from 11 days to 5
- Close 60% of standard agreements on templates without legal review, up from 30%
- Keep escalated negotiations below 15% of contracts, down from 25%
Coach’s score ★★★★★
Measurable ★★★★★
Outcome-based ★★★★★
Focused ★★★★★
Niklas Olsson · OKR coach
Overall a strong OKR, but the objective could be much more clearly tied to strategy, or to something more inspiring. This is a really good example of how a legal team can connect their work to business revenue, or to a strategy to gain more customer accounts, for example. It is trying to tackle a lot of different issues with one OKR. It looks like this may be the solo OKR for the team for the year.
Even though we say it is focused on improving the speed of the process, it attacks that from so many angles that it becomes a little unfocused. Number two, for example, looks like sales training to work with the template contracts, while number one looks like pure process improvement inside the team, and so on.