Finding the Right Corporate Legal Strategy
Some companies move beyond viewing the law just in terms of compliance — and instead use their legal environment to secure a competitive advantage.
Robert C. Bird and David Orozco
Fall 2014
Businesses have been “swimming in a sea of law” as they navigate increased regulation, varying international legal regimes, assorted lawsuits and the impact of stiffer legal penalties for infractions.1 As a result, senior executives have increasingly recognized that legal capabilities are crucial for ongoing corporate success, and they understand the importance of working with legal counsel. Indeed, one study found that 43% of U.S. companies had lawyer-directors in 2009, a notable increase from 24% in 2000.2 Other ...
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