Do not skip this step. What That Means for NIO, Li Auto, and XPeng Stock. Snowflake shares are sagging in late trading Wednesday after the cloud-based data warehouse firm posted mixed results in its first earnings report as a public company. Records reveal the seller was Wendy Miller Hughes, the ex-wife of billionaire Public Storage heir B. Wayne Hughes Jr., while the new […], Dec.02 -- Jamil Jaffer, founder of the National Security Institute at George Mason University, discusses potential security threats as President-elect Joe Biden picks his national security team. If you have access to your legal department Intelligence through a legal operations platform, review your data and dashboards; if not, the process may be a little more tedious, but you can capture key learnings through law firm invoices, workload reporting and correspondence with the C-suite. Select framework A methodical step-by-step approach for functional leaders. To help answer those questions and more, our own Jenny Rees sat down with colleagues from Xakia and NetDocuments to produce the following webcast: Build your Legal Department Strategic Plan in 1 hour on 1 page. "In line with these comments, Jenkins rates PAGP a Buy. Step Eight: Determine metrics.How will you measure the success of your tactics? (To watch Laws’ track record, click here)This is another stock with a unanimous analyst rating – although the two recent Buys make the consensus view a Moderate Buy. Given IKEA’s vision to create better everyday life for the many, the company is unlikely to pursue niche goods or develop expensive sub-brands.What makes a compelling legal department vision? Writing from BTIG, 5-star analyst Peter Saleh says, “[We] believe the company will continue to build on its lead in Western Europe's frozen food market. The nine priority areas are a direct response to the key current challenges identified earlier and in anticipation of future challenges and opportunities. Think big and broad.Step Four: Outline your purpose.Your purpose is essentially your identity: “This is who we are, this is why we exist.” To get there, we like these four questions suggested by Forbes: What do we do? Aside from a health and safety strategic plan, a sales and marketing plan, and other kinds of operational plans for the business, you also have to create a complete and detailed legal strategic plan.If you wonder why this is recommended, there are actually a lot of advantages that you can get if you can have this document for your business. All told, our example yields: “We advance the company’s strategy and minimize its risk by providing effective and efficient legal solutions throughout the company and its divisions, so together we can operate at our best and maximize the return to our shareholders.”Step Five: Draft your strategic objectives.To find your strategic objectives, break your purpose statement into several building blocks.Again, taking our hypothetical:   For now, pick the three objectives that you see as the most significant for your Legal Department.Step Six: Define success.For each of your strategic objectives, what’s the ideal result?If your objective pertains to advancing company strategy, you may want to ensure the timely completion of a major project; streamline a key business process; and decrease or automate low-strategic-value matters in the legal department.If your objective deals with your budget, consider working toward a reduction in legal spend or better negotiated rates with primary law firms.At this point, you don’t need firm metrics—we’ll address those later. A strategic plan should not be confused with a business plan. How can your team best anticipate and address the company’s legal needs? (See RXT stock analysis on TipRanks)EQT Corporation (EQT)Last but not least is EQT Corporation, an energy player in the natural gas market. Here's why, Dow Jones Rallies As Biden Makes China Pledge, Senior Democrat Outlines Stimulus Hope, Billionaire Jim Simons Places Bet on 3 High-Yield Dividend Stocks, Stock Market Alert: Move Your Money Before 2021. Warner […], For at least the last 150 years, the rolling, wooded hills of New York State’s scenic Westchester County have attracted American aristocrats and other financial fat cats looking for a bucolic escape from the hurly-burly of Manhattan. The company also has a large presence in the petrochemical industry.The low prices, economic shutdowns, and unpredictable demand have put pressure on PSX’s share price this year, and the stock has only partly rebounded from last winter’s swoon. Where might they need legal support? Ducey said he returned the call after the event but repeatedly declined to talk about his discussion with the president, though he did say Trump never asked him not to sign the certification of Arizona’s election. By following a strategic planning process, organizations can improve outcomes for their business and avoid taking on unexpected risks due … Ms Williams said that legal teams have a tendency to work on whatever comes through the door, without thinking whether it's core to the organisation's goals or not. The Cost of Renting a Private Jet May Surprise You, Verizon Stock Is ‘Simply Too Cheap’ Not to Buy, Analyst Says, These 2 “Strong Buy” Penny Stocks Could Go Boom, Says Roth Capital. Strategic management activities transform the static plan into a system that provides strategic performance feedback to decision making and enables the plan to evolve and grow as requirements and other circumstances change. Nomad Foods is a UK-based distributor in the frozen foods niche, which has become a vital part of the modern food chain. Mapping the human genome was the first step in unraveling the secrets of genetics, and today the pinnacle of that research is what's known as CRISPR technology. What business issues are piling up? Adding to the good news, the therapy generated activity in preliminary Phase 1 unresectable brain tumors. Snowflake Reported Huge Revenue Growth in Its First Quarterly Report. But those things won’t remain stagnant. Buy). The content is intended to be used for informational purposes only. Where did your team struggle—workload, budget, personnel? The […]. But if you haven't reached full retirement age, your benefits could be reduced. That loss came even as Core Revenue – Multicloud Services and Apps & Cross Platform combined – gained 18% compared to the year-ago quarter.Analysts are willing, for now, to forgive Rackspace’s slightly shaky entry into the stock markets. After lawmakers revived stimulus deal hopes, CrowdStrike led big earnings movers late. While GPMT reinstated the quarterly dividend of $0.20 per share, the company still has roughly $29 million of undistributed taxable income at September 30. (Q1), Determine five areas where alternative fees could bring budget predictability; complete law firm RFP process. And the next 2 months could decide your wealth in 2021. Ann Arbor: Startup Is Changing the Way People Retire, Snowflake Stock Tumbles As Revenue Beat Falls Short Amid Hot IPO, How to Avoid Paying Taxes on Inherited Property, 20 electric vehicle stocks outside of Tesla and Nio expected by analysts to rise the most over the next year, Young Trader Has Quietly Made Over $1MM In 2020, Salesforce slumps 8.5% as its post-Slack selloff continues, Michael Burry Of 'The Big Short' Fame Confirms He's Shorting Tesla, China buys first Indian rice in decades amid scarce supply, 2.25% FIXED Mortgage Refi, No Hidden Fees/Points, 3 “Strong Buy” Stocks That Could Bloom in 2021, Dow Jones Futures: Stimulus Deal Hopes Revive; CrowdStrike Leads 3 Earnings Breakouts; Tesla Stock Pops. Our technology will match you with the best lenders at super low rates. Step 1. The company’s Q3 earnings, at 35 cents per share, are up 25% from one year ago. Be proactive and forward-thinking. What problems would you like to solve? (In a FindLaw Corporate Counsel Center survey, more than 40 percent said they were too busy “fighting fires” to achieve long-term goals. Baker is also the deputy chair of the Australian Legal Technology Association, co-chair of the Advisory Board to the Centre for Legal Innovation, College of Law and previously the architect and founding managing director of Hive Legal, Australia’s first NewLaw firm. “Overall, we believe that the data from both companies is strongly indicative of the efficacy potential of gene therapy for inherited retinal disease, and although differences in the study design makes direct comparisons difficult, we believe that AGTC could have a competitive advantage heading into pivotal studies,” he commented.In line with his optimistic approach, Jallah reiterated a Buy rating and $30 price target, indicating 568% upside potential. He sets a $79 price target, indicating an upside potential of 25% for the next 12 months. 5 Buys and no Holds or Sells have been issued in the last three months. They should be listed front and center on your legal department strategic plan. Strategy Execution is basically synonymous with Strategy Management and amounts to the systematic implementation of a strategy. In this step, think broadly about what you’re working toward. Trusted by over 15 million. These should be achievable, action-oriented and with accountability—know who’s doing what when.To go back to the hypothetical goal of “Improve Department Financial Operations,” your tactics could include activities like: Perform an audit of last year’s budget to identify areas of waste and opportunities for improvement. (To watch Jallah’s track record, click here)All in all, other analysts echo Jallah’s sentiment. According to Boardview, 95 percent of employees do not understand their organization’s strategy; perhaps that’s why only 2 percent of leaders are confident they will achieve at least 80 percent of their strategy’s objectives.Step Three: Consider your vision.We know that lawyers are cynical creatures, but a vision statement is the part of your strategic plan where you can dream a bit; this is where you will articulate your aspirations and core values.Consider, for example, IKEA’s vision statement: “To create a better everyday life for the many people.” It’s not about furniture or retail or affordability; it’s more universal. By Q2, revenue was down by more than half, to $3.23 billion. Big Oil bets on retail networks in an electric era, House Passes China Stocks Delisting Bill; Threat Grows For Alibaba, JD.com, Nio. (See NOMD stock analysis on TipRanks)Rackspace Technology (RXT)Rackspace Technology is a cloud computing company out of Texas, offering data management and data security, across applications and at any scale. While there are different strategy types and levels, the purpose of all strategies is to bring an organization’s actions into alignment with its stated mission or values. Stephen Laws, covering this stock for Raymond James, sees GPMT as a potential winner for dividend investors. Stay disciplined by planning accountability checks at regular intervals—monthly or quarterly—and sharing the results with your Legal Department.Jodie Baker is the founder & CEO of Xakia Technologies which provides template legal operations materials and a matter management and legal data analytics software for in-house legal teams. For example, if your unit is a 30-bed monitored surgical unit, develop a plan to add another service line similar to … These are stocks that have impressed the analysts – and show strong signs of near- to mid-term gains based on the data analysis algorithms.Nomad Foods (NOMD)We'll start in the food industry, the basic necessity we cannot do without. Contrary to the widespread belief, the sector has historically outperformed the general market in the first year of a new Democrat Administration… Cyclical sectors could be in demand again as investors re-focus their attention from the election to vaccine availability,” Cheng opined. A business plan is about setting short- or mid-term goals and defining the steps necessary to achieve them. ... strategic growth plan. California has never had a Hispanic U.S. senator. All rights reserved. To fix that, try a six step process: first, identify key stakeholders. The House of Representatives on Wednesday unanimously passed a bill that sets the stage for delisting Chinese companies, including electric-vehicle makers. Do not skip this step. What kind of stocks stir up controversy like no other? Here’s Why the Stock Is Falling. In fact, it’s the largest natural gas producer in the US, with operations in the Appalachian Basin in the states of Ohio, West Virginia, and Pennsylvania. (See CLRB stock analysis on TipRanks)Applied Genetic Technologies (AGTC)With vast gene therapy experience, Applied Genetic Technologies designs and constructs all critical gene therapy elements and brings them together to develop successful treatments for patients. Here are nine steps to create a straightforward but purposeful plan that will fit on one page, so that in the year ahead, you can easily reference and execute it—then measure and report on your success.Step One: Do your research.Your plan must look to the future but account for the past and present. Net income, however, registered a 54-cent per share loss. As a result, RXT raised FY20 core pro-forma revenue growth guidance by ~50bps to ~14-15% implying an estimated ~2ppts of pro-forma organic growth acceleration at the mid-point into 4Q20 which we believe could have modest potential for upside based on recent bookings and retention trends.”To this end, Keane rates RXT a Buy, and his $26 price target implies a solid 45% one-year upside. The House just passed the Holding Foreign Companies Accountable Act. A strategic plan is typically focused on a business' mid- to long-term goals and explains the basic strategies for achieving them. The IT industry is constantly changing. “We improved satisfaction with the accounting department by 10 percent” goes over better with your CEO than “Tim in accounting was really happy.”Step Nine: Share your plan.Starting at Step One, your team was engaged in this process—now it’s time to show them the finished product.Sharing your strategy will do two important things, according to the ACC Legal Operations Maturity Model Toolkit: It will provide focus and drive toward specific and important goals.“People perform best when they have a purpose—when they understand not just what to do, but why it’s important,” the ACC noted. These pros bring experience and in-depth knowledge to the table.With this in mind, our focus turned to two penny stocks that have received a thumbs up from Roth Capital analysts. One month after the Nov. 3 election and as states begin certifying their votes, Trump is clinging to false notions of voter fraud that Attorney General William Barr disputed as unsubstantiated and not significant enough to overturn Biden’s margin of victory. One of the first things that should take place six months out with the initial start of the review is for leadership to review the plan and discuss the gains and misses that took place during the year. (See AGTC stock analysis on TipRanks)To find good ideas for penny stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. “Despite the market not fully appreciating the data given how the stock traded, we continue to believe that the results suggest that AGTC could have a best-in-class therapy, which is supportive of the planned pivotal efforts,” he explained.Providing an update on the results of the Phase 1/2 XLRP study, using the FDA's criteria, AGTC evaluated responses at 12 months in the lower dose groups (2 and 4), and 6 months in the higher dose groups (5 and 6). Revenues were up year-over-year, and the company finished the quarter with over $353 million in cash and cash equivalents.That foundation allowed GPMT to keep its dividend, although the company did adjust the payment to 20 cents per common share. 5 Buys and zero Holds or Sells add up to a Strong Buy consensus rating. Build your Legal Department Strategic Plan in 1 hour on 1 page. (Q3-Q4). 10 Session Agenda Session Agenda 1. Joseph Lucco. Salesforce is paying more for the company than it had been worth, the premium to its prior value constituting its argument that Slack's investors should approve the deal. (Example: “by providing effective and efficient legal solutions”), Whom do we do it for? ... Strategic action plan. If you have access to your legal department Intelligence through a legal operations platform, review your data and dashboards; if not, the process may be a little more tedious, but you can capture key learnings through law firm invoices, workload reporting and correspondence with the C-suite. Step Eight: Determine metrics.How will you measure the success of your tactics? Constant evaluation is necessary to ensure that people are taking stock in the plan and using it to grow the business. In short, what worked and what did not? Clearly, Jim Simons would agree. That can be pretty straightforward for projects with relevant time and money measurements (cycle time, response time, spend); for more qualitative projects, such as improving business client service, consider a before-and-after client survey so you have better year-end data than the anecdotal. It is very important to do your own analysis before making any investment. PSX is down 40% year-to-date, but it’s up 54% from its late-March trough.In the third quarter, Phillips 66 saw an EPS loss of 1 cent – but that was far better than the 80-cent lost which had been forecast. Tesla's stock price has roughly quadrupled in the seven months since that warning.Benzinga's Take: Tesla's market cap has grown to be nearly the size of the entire legacy auto market despite the fact that Tesla represents only a small fraction of global auto sales, so it's understandable why short sellers like Burry see an opportunity.Burry is certainly not alone given that Tesla is the most-shorted stock in the world with total short interest of more than $22 billion, according to S3 Partners.Photo courtesy of Tesla. These should be achievable, action-oriented and with accountability—know who’s doing what when.To go back to the hypothetical goal of “Improve Department Financial Operations,” your tactics could include activities like: Perform an audit of last year’s budget to identify areas of waste and opportunities for improvement. Advantages of Making a Legal Strategic Plan. Legal risk remains one of the most challenging and least understood risks to manage. That said, others are drawn in by the sheer growth potential of penny stocks. Department of International Relations and Cooperation STRATEGIC PLAN 2015 – 2020 4 Minister Maite Nkoana-Mashabane Department of International Relations and Cooperation Message from the Minister of International Relations and Cooperation, Ms Maite Nkoana-Mashabane NEW Strategic plan 2015-2020.indd 4 … (In a FindLaw Corporate Counsel Center survey, more than 40 percent said they were too busy “fighting fires” to achieve long-term goals. Strategic planning is most important for organizations, be it small organizations or large ones. The company assets include nearly 19,000 miles of pipelines, 8,000 crude oil railroad tankers, nearly 2,500 trucks and tractor-trailers, and, on the rivers, 20 transport tugs and 50 barges. According to Aschoff, following its Type B guidance meeting with the FDA, “CLRB is prepared to initiate its first pivotal CLR 131 trial in LPL/WM after achieving a 100% ORR and 75% major response rate in four patients.” He points out that although CLRB just reported promising results in multiple myeloma (MM) (40% ORR in triple class refractory (TCR) patients at total body doses of at least 60mCi), LPL/WM was selected for the initial pivotal trial based on the very strong initial results and the lower competition for patients.“We view this as a prudent decision because NCCN compedia listing in MM is a mere peer-reviewed publication away, if first approved in LPL/WM. Although BCVA is not the primary endpoint, BCVA improvements, which can capture changes in the central region, were maintained at 12 months.”Even though some investors have expressed concern about Meira’s competing therapy, Jallah believes AGTC’s technology could have a leg up. The HR Strategic Plan is intended for a variety of audiences, including Human Resources employees, County employees, departments, elected officials, and members of the public. )However, without a strategic plan, your legal department is unlikely to get out from under Sisyphean busywork to accomplish meaningful improvements or demonstrate its value—or find operational adjustments that enhance not only your service delivery, but your quality of life.You don’t need a week-long retreat or a three-inch binder to create a legal department strategic plan. By starting with a guiding vision, the company can then develop strategies and tactics to fulfill it. Reach out to your business clients to learn their plans and concerns for the upcoming year—from product launches to regulatory changes to major deals. Without proper implementation, you are likely to move forward in a haphazard way, not knowing which ideas are to be implemented immediately, and which ideas are to be saved for the future. The following are illustrative examples of a strategy plan. Are there any activities worth repeating? Reach out to your business clients to learn their plans and concerns for the upcoming year—from product launches to regulatory changes to major deals. Shares in PAGP are down 52% so far this year.The low share price, however, presents investors with an opportunity. "Once you understand the organisation’s strategic plan, the next step is to work out what the legal team will need to do in order to support the organisational strategy." Moreover, because your legal department doesn’t operate in a vacuum, your plan should take into account the wants and needs of your organization, your executives and your business clients.Start by collecting some information and feedback. Without a strategic plan your legal department is unlikely to get out from under Sisyphean busywork to accomplish meaningful improvements or demonstrate its value—or find operational adjustments that enhance not only your service delivery but your quality of life. In the section labeled "Goals and Strategies" in the Framework for a Basic Strategic Plan Document, write down the strategic goals to address the above-identified issues and the more forward-looking, developmental goals. Don’t forget to visit with the other administrative departments, such as Human Resources and Finance. A rising tide lifts all boats, as President John Kennedy said, and we’re seeing it now on Wall Street, as both the S&P 500 and the NASDAQ are near record high levels. Many strategic plans aren’t strategic, or even plans. T&D system assessment handout 4. What problems would you like to solve? What legal, regulatory, business and political trends might affect your organization in the year ahead? For the fiscal third quarter ended October 31, Snowflake posted total revenue of $159.6 million, up 119% from a year ago, with product revenue of $148.5 million, up 115%. Step Two: Assess the big picture.What are the company’s major goals for the year ahead? Here’s how. Additionally, the research identifies the benefits of strategic planning and the main challenges that prevent Division I-A schools from engaging in strategic planning. The clock just started on the biggest financial event in 20 years. The most recent report, for Q3 2020, showed a net EPS loss of 15 cents per share. Strategic planning process requires a well-structured plan for how to optimally allocate time, human capital and financial resources. Where did your team struggle—workload, budget, personnel? Expectations for the company have been sky high, leaving the stock vulnerable to a bout of profit-taking, which seems to be what’s unfolding in the wake of today’s earnings report. Be proactive and forward-thinking. 111-352) and the Office of Management and Budget’s Circular A-11, Part 6 (2013) requirement for all Federal departments and agencies to publish an Agency Strategic Plan. India is the world's biggest rice exporter and China the biggest importer. Will it lead to the delisting of Alibaba stock and other China stocks? Buy), and his $11 price target implies 16% growth over the next months. These assets move oil and gas into and out of 148 million barrels worth of storage capacity.PAGP took a hard hit earlier this year from declines in the price of both oil and gas, and from reduced demand during the pandemic-inspired economic shutdowns. Neymar dropped a bombshell on Wednesday as he followed up scoring twice for Paris Saint-Germain in their 3-1 Champions League win over Manchester United by revealing his desire to reunite with Lionel Messi next season. (Q1), Review Legal Department Intelligence to scout low-strategic-value, simple tasks that could be automated or eliminated. In the period covered by this Strategic plan, the department will: Follow these steps to write a strategic plan for an organization. Several boxes of pizza were delivered to the talks venue on Wednesday night as officials from London and Brussels tried to hammer out an agreement. Talk to your team. Talk to the boss. 6 Essential Steps The expert at anything was once a beginner, but when it comes to creating and implementing a strategic plan, you’ll want to make sure the "beginner" stage is as short as possible. Steps 1. It is very important to do your own analysis before making any investment. Investors could be pocketing a gain of 713%, should this target be met in the twelve months ahead. Likewise, implementing the strategic plan is also important. (Example: “by providing effective and efficient legal solutions”), Whom do we do it for? “The President has got an inquisitive mind,” Ducey said. (Example: “throughout the company and its divisions”), What value are we bringing? Shutterstock imageLegal Departments are so often buried in work that it’s hard, if not impossible, to pause and contemplate strategic projects. Section 7: Adoption plan. In previous columns, we have looked at the first four of ten actions that help leaders establish safety as a strategic objective. To what end are you applying these tactics?These must be quantifiable. On the other hand, if the entire company is included, the transformation can be too sluggish, and self-serving interests may get in the way. (Example: “We advance the company’s strategy and minimize its risk”), How do we do it? more. Among the bulls is Wells Fargo analyst Tom Hughes who wrote, "While northeast gas differentials continue to struggle in the shoulder season and weighed on 4Q20 guidance for realizations ahead of a potentially bullish backdrop for the commodity in 2021, EQT’s solid operational update for 3Q20 should help buoy investor confidence that the operational improvements at EQT since Mr. Rice and his team took over last year still have momentum. The affordable price makes these private jet offers hard to resist. What To Include In Your 5-Year Healthcare Strategic Plan 1. Consider 2018’s adoption of the General Data Protection Regulation (GDPR), which had 47 percent of in-house counsel working to update their data security standards—what’s next? (See GPMT stock analysis on TipRanks)Phillips 66 (PSX)Last on our list of Simons’ new purchases is Phillips 66, the oil and gas giant. It describes a strategic growth vision for what the organization wishes to achieve in the future. We also note that CLRB has steadily improved its dosing of CLR 131, essentially fractionating the doses so that higher total body doses are well tolerated,” Aschoff further explained. Gene-editing tech like CRISPR is the key to unlocking medical innovations. Are there any activities worth repeating? Strategic plans help identify what an organization is striving to achieve and maps out the necessary steps needed to be successful. 1. Having this document at hand can help you identify all the legal requirements that you need to prepare for your next operational year.