Leveraging lawyers as strategic company resources: The value of proactively using law on the road to building competitive advantage

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.

Citation

(2022), "Leveraging lawyers as strategic company resources: The value of proactively using law on the road to building competitive advantage", Strategic Direction, Vol. 38 No. 2, pp. 15-17. https://doi.org/10.1108/SD-11-2021-0153