Empowering Business Policy & Strategy through Improved Collaboration between Managers and In-House Counsel

Abstract

Managers who marginalize and ignore the contributions of in-house counsel to business success are an unfortunate component of every organization. The conceivable damage to innovation, global trade, and economic growth posed by cybercrime will force in-house counsel, managers, executives, and technology experts to work collaboratively on creating proactive approaches to cyber security risk-management practices. Intellectual property law protections will become increasingly important to the generation of organizational value. Organizations will need to nurture collaboration between managers and lawyers to attend to these shifting trends and challenges. Despite the threat of such challenges, managers often hold viewpoints that marginalize contributions of the legal profession in the corporate setting. As managers will routinely execute a growing number of business decisions in the years ahead requiring an appreciation of legal strategy initiatives, organizations will face an escalating need to reexamine and adjust managerial attitudes toward the law within the corporate setting.

Keywords: legal strategy