Jurisdiction(s):
United Kingdom

Key definition

Money definition

What does Money mean? In legal practice, money refers to the generally accepted means of payment used to discharge monetary obligations, pay for goods and services, and satisfy judgments. It ordinarily includes cash (banknotes and coins, typically sterling in the UK and euro in Ireland) and sums standing to the credit of a bank account transferable by cheque or electronic transfer; it can also include foreign currency if agreed. The term is descriptive rather than strictly defined, though related concepts are defined in legislation. 'Legal tender' identifies what must be accepted in settlement of a debt: in England and Wales, Bank of England notes...

Embedding L&D in In-house Legal: Strategy Alignment, Day-to-day Integration, Appraisals, Balanced Career Development, Employee Engagement and Measurement

Published by a LexisNexis In-house Advisor expert

Practice notes

This Practice Note sets out how to embed learning and development (L&D) within the in-house legal department by aligning it with business strategy, integrating it into everyday activity, and ensuring employees are engaged

Positioning L&D in the organisation

L&D is too often treated as a standalone function, disconnected from the organisation’s daily operations. To deliver maximum value for Money, it must be an integral part of the business. To achieve this, it should:

be unmistakably aligned with the business strategy
engage employees on an individual basis
deliver measurable outcomes

For further details on measuring L&D results, see Practice Note: In-house lawyers—Building the business case for learning and development.

Aligning L&D with the business strategy

To fully integrate L&D, set strategic goals and measures and include them within the firm’s Business plan, cascading them to departmental and individual levels.

Type of goal: Strategic L&D goals — high-level aims that align with and support the organisation’s broader business objectives. Example: To increase market Share in a particular Sector by lateral hires and...

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Beth Pipe , FCIPD

OnLive Learning

Beth is a Fellow of the Chartered Institute of Personnel and Development (FCIPD) and has spent over 25 years specialising in Learning and Development. During that time she has worked across a broad variety of different industries and has, for the past 15 years, worked closely with a number of well known law firms; this has involved putting in to place systems and structures to encourage, enable and track the effectiveness of learning activities. Adept at face to face course delivery, and always enjoying excellent feedback, Beth is also accomplished at online delivery and created OnLive Learning in response to the challenges presented by the 2020 Covid-19 restrictions.Beth has written extensively for LexisNexis on subjects such as Performance Management, Managing Change and Stress Management. Away from her training delivery she is a published author writing about local history, hiking, wildlife and the outdoors and is...

Web page updated on 21/05/2026

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