Subject category:
Entrepreneurship
Published by:
Stanford Business School
Version: 16 October 2023
Length: 5 pages
Data source: Field research
Share a link:
https://casecent.re/p/194922
Write a review
|
No reviews for this item
This product has not been used yet
Abstract
'Working with Lawyers' explores effective management of external legal counsel in business. It highlights lawyers as precise 'legal software engineers' and advises clients to balance expert advice with broader business goals. Building a trusted advisor relationship and realistic cost management are crucial. Early lawyer involvement, understanding the legal team, and recognizing cognitive biases are emphasized. Reading legal documents and avoiding last-minute changes are essential. Mistakes often result from communication breakdowns, necessitating efficient process management and communication channels for successful collaboration.
Time period
The events covered by this case took place in 2023.Geographical setting
Region:
Americas
Country:
United States
About
Abstract
'Working with Lawyers' explores effective management of external legal counsel in business. It highlights lawyers as precise 'legal software engineers' and advises clients to balance expert advice with broader business goals. Building a trusted advisor relationship and realistic cost management are crucial. Early lawyer involvement, understanding the legal team, and recognizing cognitive biases are emphasized. Reading legal documents and avoiding last-minute changes are essential. Mistakes often result from communication breakdowns, necessitating efficient process management and communication channels for successful collaboration.
Settings
Time period
The events covered by this case took place in 2023.Geographical setting
Region:
Americas
Country:
United States