Legal Knowledge in Organizations: A Source of Strategic and Competitive Advantage

By Robert C. Bird
Cambridge University Press March 2025

Specifications

ISBN-13
9781009596695
Publisher
Cambridge University Press
Publication
March 2025
Format
Paperback
Jurisdiction
U.K. ? Countri(es) for reference only

Details

This work offers a step-by-step guide on how to utilize the law as a source of value in organizations. Robert C. Bird demonstrates how legal knowledge can be a valuable asset for firms, providing them with a sustainable competitive advantage that is difficult for rivals to imitate. Bird presents a five-part framework that outlines how firms can use legal knowledge in competitive markets and how they can avoid misusing it. Chapters also highlight how firms can cultivate legal knowledge and apply novel risk tools to overcome unexpected legal threats. The book emphasizes the importance of ethical values in business decisions and shows how managers and lawyers can build an ethical practice of legal knowledge that benefits both business and society. With the help of numerous visuals, this book makes it easy for readers to leverage legal knowledge and apply it to specific business contexts.

Table of Contents

1. Introduction
2. Legal knowledge in organizations
3. Factors that influence legal knowledge acquisition
4. Legal knowledge in competitive environments: avoidance, compliance, and prevention pathways
5. Legal knowledge in competitive environments: value and transformation pathways
6. Applications of legal knowledge: case studies and optimal utilization
7. Strategic legal risk management: managing volatility and uncertainty
8. Strategic legal risk management: managing complexity and ambiguity
9. Leveraging contractual knowledge to create and preserve value
10. Building an ethical culture of legal knowledge
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