Leveraging lawyers as strategic company resources

Abstract

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings This research paper concentrates on how knowledge of the law can be leveraged as a strategic company resource in various ways, to ultimately build a competitive advantage. Managers often mistake turning reactively to legal advice with a proactive, strategic use of law and legal knowledge as their company resource. Such lack of advance preparedness is expensive for companies. Hence creating and following an organized legal strategy can save money. Although there are many legal approaches that companies can take, the authors advocate that proactive ones are the most superior overall, since they assist with crafting a market-resilient competitive advantage. Originality/value The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.